TransCanada Declares Quarterly Dividends

Press Release

CALGARY, Alberta, Nov. 28, 2018 — News Release — TransCanada Corporation (TSX, NYSE: TRP) (TransCanada or the Company) today announced that the Board of Directors (Board) of TransCanada declared quarterly dividends on the outstanding Cumulative First Preferred Shares as follows:

• For the period up to but excluding February 28, 2019, payable on February 28, 2019, to shareholders of record at the close of business on January 31, 2019:
  • Series 11 – $0.2375 per share
  • Series 13 – $0.34375 per share
  • Series 15 – $0.30625 per share

These dividends are designated by TransCanada 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.

The Board also approved the issuance of common shares from treasury at a two per cent discount under TransCanada’s Dividend Reinvestment Plan (DRP). Under the DRP, investors holding TransCanada common or preferred shares can receive common shares instead of cash dividend payments. For further details, including how to enroll in the program, please refer to TransCanada.com/Dividends.

With more than 65 years’ experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates one of the largest natural gas transmission networks that extends more than 91,900 kilometres (57,100 miles), tapping into virtually all major gas supply basins in North America. TransCanada is a leading provider of gas storage and related services with 653 billion cubic feet of storage capacity. A large independent power producer, TransCanada currently owns or has interests in approximately 5,700 megawatts of power generation in Canada and the United States. TransCanada is also the developer and operator of one of North America’s leading liquids pipeline systems that extends approximately 4,900 kilometres (3,000 miles), connecting growing continental oil supplies to key markets and refineries. TransCanada’s common shares trade on the Toronto and New York stock exchanges under the symbol TRP. Visit TransCanada.com to learn more, or connect with us on social media.

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Media Inquiries:

Grady Semmens
403.920.7859 or 800.608.7859

TransCanada Investor & Analyst Inquiries:

David Moneta / Duane Alexander

403.920.7911 or 800.361.6522

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