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TRANSCANADA PIPELINES DECLARES DIVIDENDS

 TRANSCANADA PIPELINES DECLARES DIVIDENDS
 CALGARY, Alberta, Aug. 4 /PRNewswire/ -- The board of directors


of TransCanada PipeLines (Toronto, Montreal, Vancouver, Calgary: TMZ) today declared a quarterly dividend of 19 cents per share on the outstanding common shares for the quarter ending Sept. 30, 1992. This is the 115th consecutive dividend paid by TransCanada on its common shares. The divided will be payable on Oct. 30, 1992 to the shareholders of record at the close of business on Sept. 30, 1992.
 TransCanada's board of directors also declared regular dividend payments on the outstanding preferred shares for the quarter ending Nov. 1, 1992. The following preferred dividends are payable Nov. 1, 1992, to the shareholders of record at the close of business on Sept. 30, 1992.
 Dividend No. 106 was declared on the $2.80 Cumulative Redeemable First Preferred Shares in the amount of 70 cents per share.
 Dividend No. 31 was declared on the Cumulative Redeemable First Preferred Shares Series H in the amount of $1.0875 per share.
 Dividend No. 28 was declared on the Cumulative Redeemable First Preferred Shares Series I in the amount of $0.975 per share.
 Dividend No. 12 was declared on the Cumulative Redeemable Perpetual First Preferred Shares Series K in the amount of $9,600 per share.
 Dividend No. 8 was declared on the Cumulative Redeemable Perpetual First Preferred Shares Series M in the amount of $10,687.50 per share.
 Dividend No. 7 was declared on the Cumulative Redeemable Retractable First Preferred Shares Series N in the amount of $1.125 per share.
 Dividend No. 3 was declared on the Cumulative Redeemable First Preferred Shares Series O in the amount of $0.9875 per share.
 Dividend No. 2 was declared on the Cumulative Equity Second Preferred Shares Series B in the amount of $0.3125 per share.
 Dividend No. 1 was declared on the Cumulative Redeemable First Preferred Share Series P in the amount of $1.46772 per share for the period from and including June 15, 1992 to and including Oct. 31, 1992.
 In addition, Dividend No. 9 was declared on the Cumulative Redeemable Perpetual First Preferred Shares Series L in the amount of $10,156.25 per share for the quarter ending Dec. 1, 1992, payable Dec. 1, 1992, to the shareholders of record at the close of business on Oct. 30, 1992.
 The board of directors also passed a resolution that the company redeem all of the outstanding Cumulative Redeemable Retractable First Preferred Shares Series J on Oct. 1, 1992, in accordance with the provisions attaching to such shares, on payment for each share to be redeemed of $50 together with accrued and unpaid dividends thereon.
 -0- 8/4/92
 /CONTACT: Frank Dabbs of TransCanada PipeLines, 403-267-8525/
 (TRP.) CO: TransCanada PipeLines ST: Alberta IN: OIL SU: DIV


JL -- LA019 -- 6712 08/04/92 13:44 EDT
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Publication:PR Newswire
Date:Aug 4, 1992
Words:475
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