TC Energy Corp.

TC Energy Corp. Preferred Stock is a type of equity instrument that represents ownership in TC Energy Corporation with distinct features protecting against certain risks associated with ordinary shares. As preferred stock, it pays dividends at a fixed rate before any dividends are distributed to common shareholders, providing a more predictable income stream. TC Energy is engaged in the development and operation of energy infrastructure, including oil and gas pipelines and power generation facilities, primarily in North America. As such, the preferred stock plays a crucial role in financing these capital-intensive projects by attracting investors seeking stability and seniority in the company's capital structure. The energy sector's fluctuations can influence the attractiveness of these shares, though the preferred status tends to offer stability during volatile market conditions. Thus, TC Energy Corp. Preferred Stock is integral to diversifying the company's financial strategies and provides investors a lower-risk option with preferential treatment in earnings distributions.