TC Energy Completes Spinoff of South Bow Corp.

The new independent crude oil pipelines business will begin trading on TSX and NYSE in October.

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.