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TC PipeLines, LP Increases Quarterly Distribution and Schedules Conference Call.
- Article from:
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PR Newswire
- Article date:
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July 19, 2001
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Copyright informationCOPYRIGHT 2001 PR Newswire Association, Inc. 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, July 19 /PRNewswire/
- (Nasdaq NM: TCLPZ) - The board of directors of TC PipeLines GP, Inc., the general partner of TC PipeLines, LP (the Partnership), today announced an increase in the Partnership's quarterly distribution from $0.475 per unit to $0.50 per unit for the second quarter of 2001. This represents the second increase in the Partnership's cash distribution since the commencement of operations in May 1999. The second quarter cash distribution is payable on August 14, 2001 to unitholders of record as of July 31, 2001.
"The Partnership continues to experience strong cash flows from our investments in Northern Border Pipeline Company and Tuscarora ...
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