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Article: ^TC PipeLines, LP Cash Distribution Again Meets Expectations@.
- Article from:
- PR Newswire
- Article date:
- January 19, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, Jan. 19 /CNW-PRN/ - (Nasdaq NM: TCLPZ) - The board of directors of TC PipeLines GP, Inc., general partner of TC PipeLines, LP (TC PipeLines), today declared a cash distribution to unitholders in the amount of $0.45 cents per unit for the fourth quarter ended December 31, 1999. The cash distribution again meets the targeted distribution level TC PipeLines set in its May 24, 1999 initial public offering prospectus. This is the third consecutive cash distribution paid by TC PipeLines since it began operations in May 1999. The fourth quarter distribution is payable on February 14, 2000 to unitholders of record on January 31, 2000.
``The board is very ...
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