July 30, 2020, 7:35 a.m. EDT

TC Energy declares quarterly dividends

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CALGARY, Alberta, Jul 30, 2020 (GLOBE NEWSWIRE via COMTEX) -- News Release - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend of $0.81 per common share for the quarter ending September 30, 2020 on the Company's outstanding common shares. The common share dividend is payable on October 30, 2020 to shareholders of record at the close of business on September 30, 2020.

The Board also declared quarterly dividends on the Company's outstanding Cumulative First Preferred Shares as follows:

-- For the period up to but excluding September 30, 2020, payable on September 30, 2020 to shareholders of record at the close of business on August 31, 2020:

    -- Series 1 (TRP.PR.A) - $0.2174375 per share

    -- Series 1 (TRP.PR.A) - $0.2174375 per share

    -- Series 2 (TRP.PR.F) - $0.13668033 per share

    -- Series 3 (TRP.PR.B) - $0.105875 per share

    -- Series 4 (TRP.PR.H) - $0.09646175 per share

    -- For the period up to but excluding October 30, 2020, payable on October 30, 2020 to shareholders of record at the close of business on September 30, 2020:

      -- Series 5 (TRP.PR.C) - $0.14143750 per share

      -- Series 5 (TRP.PR.C) - $0.14143750 per share

      -- Series 6 (TRP.PR.I) - $0.11016120 per share

      -- Series 7 (TRP.PR.D) - $0.243938 per share

      -- Series 9 (TRP.PR.E) - $0.235125 per share

      -- For the period up to but excluding August 31, 2020, payable on August 31, 2020 to shareholders of record at the close of business on August 17, 2020:

        -- Series 11 (TRP.PR.G) - $0.2375 per share

        -- Series 11 (TRP.PR.G) - $0.2375 per share

        -- Series 13 (TRP.PR.J) - $0.34375 per share

        -- Series 15 (TRP.PR.K) - $0.30625 per share

        These dividends are designated by TC Energy to be eligible dividends for purposes of the Income Tax Act (Canada) and any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.

        Common shares purchased with reinvested cash dividends under TC Energy's Dividend Reinvestment and Share Purchase Plan (DRP) will be acquired on the Toronto Stock Exchange at 100 per cent of the weighted average purchase price. The DRP is available for dividends payable on TC Energy's common and preferred shares.

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