Overview

• TC Energy has finalized the spinoff of its crude oil pipelines business into a new company, South Bow Corporation.
• South Bow Corp. shares were distributed to TC Energy shareholders, with trading on the TSX starting on October 2 and on the NYSE around October 8.
• The move is part of TC Energy's strategic shift to focus on natural gas infrastructure, nuclear, and low-carbon energy opportunities.
• TC Energy will issue its third quarter 2024 financial results on November 7, followed by an Investor Day on November 19 to outline strategic priorities.
• South Bow is positioned to meet growing energy demands in North America, while TC Energy continues to focus on sustainable and secure energy solutions.