TransCanada Declares Quarterly Dividends

TransCanada Declares Quarterly Dividends 
CALGARY, ALBERTA -- (Marketwired) -- 11/05/13 -- TransCanada
Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today
announced that the Board of Directors (Board) of TransCanada declared
a quarterly dividend of $0.46 per common share for the quarter ending
December 31, 2013, on the Company's outstanding common shares. The
common share dividend is payable on January 31, 2014, to shareholders
of record at the close of business on December 31, 2013. 
The Board also declared the following regular dividends on
TransCanada's preferred shares: 


 
--  A quarterly dividend of $0.2875 per share for the period up to but
    excluding December 31, 2013, on TransCanada's outstanding Cumulative
    Redeemable First Preferred Shares, Series 1. The dividend is payable on
    December 31, 2013, to shareholders of record at the close of business on
    December 2, 2013. 
--  A quarterly dividend of $0.25 per share for the period up to but
    excluding December 31, 2013, on TransCanada's outstanding Cumulative
    Redeemable First Preferred Shares, Series 3. The dividend is payable on
    December 31, 2013, to shareholders of record at the close of business on
    December 2, 2013. 
--  A quarterly dividend of $0.275 per share for the period up to but
    excluding January 30, 2014, on TransCanada's outstanding Cumulative
    Redeemable First Preferred Shares, Series 5. The dividend is payable on
    January 30, 2014 to shareholders of record at the close of business on
    December 31, 2013. 
--  A quarterly dividend of $0.25 per share for the period up to but
    excluding January 30, 2014, on TransCanada's outstanding Cumulative
    Redeemable First Preferred Shares, Series 7. The dividend is payable on
    January 30, 2014, to shareholders of record at the close of business on
    December 31, 2013. 

 
In addition, the Board declared the following regular dividends on
TransCanada PipeLines Limited (TCPL) preferred shares: 


 
--  A quarterly dividend of $0.70 per share for the period up to but
    excluding February 1, 2014, was declared on the outstanding Cumulative
    Redeemable First Preferred Shares, Series Y. The dividend is payable on
    February 3, 2014, to shareholders of record at the close of business on
    December 31, 2013. 

 
These dividends are designated by TransCanada and TCPL 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
TransCanada's Dividend Reinvestment and Share Purchase Plan (DRP)
will be acquired on the Toronto Stock Exchange at 100 per cent of the
five-day weighted average purchase price. The DRP is available for
dividends payable on TransCanada's common and preferred shares and
TCPL's preferred shares. 
With more than 60 years' experience, TransCanada is a leader in the
responsible development and reliable operation of North American
energy infrastructure including natural gas and oil pipelines, power
generation and gas storage facilities. TransCanada operates a network
of natural gas pipelines that extends more than 68,500 kilometres
(42,500 miles), tapping into virtually all major gas supply basins in
North America. TransCanada is one of the continent's largest
providers of gas storage and related services with more than 400
billion cubic feet of storage capacity. A growing independent power
producer, TransCanada owns or has interests in over 11,800 megawatts
of power generation in Canada and the United States. TransCanada is
developing one of North America's largest oil delivery systems.
TransCanada's common shares trade on the Toronto and New York stock
exchanges under the symbol TRP. For more information visit:
www.transcanada.com or check us out on Twitter @TransCanada or
http://blog.transcanada.com.  
FORWARD LOOKING INFORMATION This publication contains certain
information that is forward-looking and is subject to important risks
and uncertainties (such statements are usually accompanied by words
such as "anticipate", "expect", "would", "will" or other similar
words). Forward-looking statements in this document are intended to
provide TransCanada security holders and potential investors with
information regarding TransCanada and its subsidiaries, including
management's assessment of TransCanada's and its subsidiaries' future
financial and operation plans and outlook. All forward-looking
statements reflect TransCanada's beliefs and assumptions based on
information available at the time the statements were made. Readers
are cautioned not to place undue reliance on this forward-looking
information. TransCanada undertakes no obligation to update or revise
any forward-looking information except as required by law. For
additional information on the assumptions made, and the risks and
uncertainties which could cause actual results to differ from the
anticipated results, refer to TransCanada's Quarterly Report to
Shareholders dated November 4, 2013 and 2012 Annual Report available
on TransCanada's website at www.transcanada.com  and filed under
TransCanada's profile on SEDAR at www.sedar.com and with the U.S.
Securities and Exchange Commission at www.sec.gov.
Contacts:
TransCanada Media Enquiries:
Shawn Howard/Grady Semmens/Davis Sheremata
403.920.7859 
TransCanada Investor & Analyst Enquiries:
David Moneta/Lee Evans
403.920.7911 or 800.361.6522
www.transcanada.com
 
 
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