Distribution History

Payment Date Record Date Ex-Dividend Date Distribution Per Unit
August 15, 2018 August 6, 2018 August 3, 2018 65.0 cents
May 15, 2018 May 9, 2018 May 8, 2018 65.0 cents
February 13, 2018 February 2, 2018 February 1, 2018 $1.00
November 14, 2017 November 3, 2017 November 2, 2017 $1.00
August 11, 2017 August 1, 2017 July 28, 2017 $1.00
May 15, 2017 May 5, 2017 May 3, 2017 94.0 cents
February 14, 2017 February 2, 2017 January 31, 2017 94.0 cents
November 14, 2016 November 1, 2016 October 28, 2016 94.0 cents
August 12, 2016 August 1, 2016 July 28, 2016 94.0 cents
May 13, 2016 May 2, 2016 April 28, 2016 89.0 cents
February 12, 2016 February 2, 2016 January 29, 2016 89.0 cents
November 13, 2015 November 3, 2015 October 30, 2015 89.0 cents
August 14, 2015 August 4, 2015 July 31, 2015 89.0 cents
May 15, 2015 May 5, 2015 May 1, 2015 84.0 cents
February 13, 2015 February 3, 2015 January 30, 2015 84.0 cents
November 14, 2014 November 4, 2014 October 31, 2014 84.0 cents
August 14, 2014 August 5, 2014 August 1, 2014 84.0 cents
May 15, 2014 May 5, 2014 May 1, 2014 81.0 cents
February 14, 2014 January 28, 2014 January 24, 2014 81.0 cents
November 14, 2013 November 5, 2013 November 1, 2013 81.0 cents
August 14, 2013 August 5, 2013 August 1, 2013 81.0 cents
May 15, 2013 May 6, 2013 May 2, 2013 78.0 cents
February 14, 2013 January 29, 2013 January 25, 2013 78.0 cents
November 14, 2012 November 5, 2012 November 1, 2012 78.0 cents
August 14, 2012 August 3, 2012 August 1, 2012 78.0 cents
May 15, 2012 May 4, 2012 May 2, 2012 77.0 cents
February 14, 2012 January 31, 2012 January 27, 2012 77.0 cents
November 14, 2011 October 31, 2011 October 27, 2011 77.0 cents
August 12, 2011 July 31, 2011 July 27, 2011 77.0 cents
May 13, 2011 April 30, 2011 April 27, 2011 75.0 cents
February 14, 2011 January 31, 2011 January 27, 2011 75.0 cents
November 12, 2010 October 31, 2010 October 27, 2010 75.0 cents
August 13, 2010 July 31, 2010 July 28, 2010 73.0 cents
May 14, 2010 April 30, 2010 April 28, 2010 73.0 cents
February 12, 2010 January 31, 2010 January 27, 2010 73.0 cents
November 13, 2009 October 31, 2009 October 28, 2009 73.0 cents
August 14, 2009 July 31, 2009 July 29, 2009 73.0 cents
May 15, 2009 April 30, 2009 April 28, 2009 70.5 cents
February 13, 2009 January 30, 2009 January 28, 2009 70.5 cents
November 14, 2008 October 31, 2008 October 29, 2008 70.5 cents
August 14, 2008 July 31, 2008 July 29, 2008 70.5 cents
May 15, 2008 April 30, 2008 April 28, 2008 70.0 cents
February 14, 2008 January 31, 2008 January 29, 2008 66.5 cents
November 14, 2007 October 31, 2007 October 29, 2007 66.0 cents
August 14, 2007 July 31, 2007 July 27, 2007 65.5 cents
May 15, 2007 April 30, 2007 April 26, 2007 65.0 cents
February 14, 2007 January 31, 2007 January 29, 2007 60.0 cents
November 14, 2006 October 31, 2006 October 27, 2006 60.0 cents
August 14, 2006 July 31, 2006 July 27, 2006 57.5 cents
May 15, 2006 April 28, 2006 April 26, 2006 57.5 cents
February 14, 2006 January 31, 2006 January 27, 2006 57.5 cents
November 14, 2005 October 31, 2005 October 27, 2005 57.5 cents
August 12, 2005 July 29, 2005 July 27, 2005 57.5 cents
May 13, 2005 April 29, 2005 April 27, 2005 57.5 cents
February 14, 2005 January 31, 2005 January 27, 2005 57.5 cents
November 12, 2004 October 29, 2004 October 27, 2004 57.5 cents
August 13, 2004 July 30, 2004 July 28, 2004 57.5 cents
May 14, 2004 April 30, 2004 April 28, 2004 55.0 cents
February 13, 2004 January 30, 2004 January 28, 2004 55.0 cents
November 14, 2003 October 31, 2003 October 29, 2003 55.0 cents
August 14, 2003 July 31, 2003 July 29, 2003 55.0 cents
May 15, 2003 April 30, 2003 April 28, 2003 52.5 cents
February 14, 2003 January 31, 2003 January 29, 2003 52.5 cents
November 14, 2002 October 31, 2002 October 29, 2002 52.5 cents
August 14, 2002 July 31, 2002 July 29, 2002 52.5 cents
May 15, 2002 April 30, 2002 April 26, 2002 50.0 cents
February 14, 2002 January 31, 2002 January 29, 2002 50.0 cents
November 14, 2001 October 31, 2001 October 29, 2001 50.0 cents
August 14, 2001 July 31, 2001 July 27, 2001 50.0 cents
May 15, 2001 April 30, 2001 April 26, 2001 47.5 cents
February 14, 2001 January 31, 2001 January 29, 2001 47.5 cents
November 14, 2000 October 31, 2000 October 27, 2000 47.5 cents
August 14, 2000 July 31, 2000 July 27, 2000 45 cents
May 15, 2000 April 28, 2000 April 26, 2000 45 cents
February 14, 2000 January 31, 2000 January 27, 2000 45 cents
November 12, 1999 October 29, 1999 October 27, 1999 45 cents
August 12, 1999 July 30, 1999 July 28, 1999 16.81 cents (1)

 

This information is historical and cannot be used to make predictions on future distributions from the Partnership.

Future dates are tentative - for informational purposes only

(1) The Partnership's initial cash distribution was 16.81 cents per unit. This distribution reflected the shortened period of May 28 to June 30, 1999. The target distribution level (the Minimum Quarterly Distribution) for a full three-month period was set at 45 cents in TC PipeLines' May 24, 1999 initial public offering prospectus. The prospectus also stated that the initial distribution of the Partnership would be adjusted to reflect the actual number of days from the closing of the offering to the end of the quarter. The initial cash distribution of 16.81 cents per unit was calculated as follows:

Date offering closed: May 28, 1999
End of initial quarter: June 30, 1999
Number of days from closing to quarter end: 34
Number of days in full three-month quarter: 91
Minimum Quarterly Distribution: 45 cents
34 days divided by 91 days multiplied by 45 cents = 16.81 cents

 

 

 

 

Cash Distribution Policy

The holder of the general partner interest is entitled to receive 2 percent of total cash distributions until the MQD has been achieved, at which time it will have the right to receive incentive distributions. Incentive distribution rights represent the right to receive an increasing percentage of quarterly distributions of available cash after the MQD has been achieved.

The Partnership expects to make cash distributions approximately 45 days after the end of each quarter. There is no assurance, however, that the MQD will be made on the common units.

A detailed description of TC PipeLines, LP's cash distribution policy is in the May 24, 1999 initial public offering prospectus.