TC Energy Corp.

TC Energy Corp. Preferred Stock 4.64% Perpetual is a type of preferred equity issued by TC Energy Corporation, a leading North American energy company. These shares represent a class of ownership in the company, offering investors a fixed dividend rate of 4.64%, which is paid out perpetually, meaning the dividends continue indefinitely unless the company decides to redeem the shares. The perpetual nature of these preferred stocks gives them bond-like features, providing a steady income stream without a maturity date. They are typically less volatile than common stocks and do not offer voting rights to shareholders.This financial asset plays a critical role in TC Energy's capital structure by providing additional funding without diluting control for common stockholders. The company, known for its extensive pipeline infrastructure, heavily influences the energy sector, primarily focusing on natural gas and liquid pipelines and power generation. By issuing preferred stocks, TC Energy ensures financial flexibility to support its operations and strategic projects within the energy industry, thus maintaining its market presence and ability to invest in long-term infrastructure projects.