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TransCanada Increases Preferred Share Issue

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January 14, 2014

TransCanada Corp. (NYSE: TRP) increased the size of its series 9 first preferred shares offering, bringing the previously announced, cumulative redeemable shares to 18 million, the company said Jan. 13. The increase was made due to “strong investor demand,” the company added. An initial public offering (IPO) will later be made on series 9 shares after a prospectus is filed, the company said.

The underwriters’ option, a part of the original offering, is not included in the increase, the company noted.

Series 9 shares’ aggregate gross proceeds will now be ...

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