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TRANSCANADA PIPELINES DECLARES DIVIDENDS

 CALGARY, Aug. 4 /PRNewswire/ -- The board of directors of TransCanada PipeLines today declared a quarterly dividend of 21 cents per share of the outstanding common shares for the quarter ending Sept. 30, 1993. This is the 119th consecutive dividend paid by TransCanada on its common shares, and is payable on Oct. 29, 1993, to shareholders of record at the close of business on Sept. 30, 1993.
 The board also declared regular dividends on the company's preferred shares for the quarter ending Nov. 1, 1993. The following dividend payments are payable Nov. 1, 1993, to the shareholders of record at the close of business on Sept. 30, 1993.
 Dividend No. 110 was declared on the $2.80 Cumulative Redeemable First Preferred Shares in the amount of 70 cents per share.
 Dividend No. 16 was declared on the Cumulative Redeemable Perpetual First Preferred Shares Series K in the amount of $9,600 per share.
 Dividend No. 12 was declared on the Cumulative Redeemable Perpetual First Preferred Shares Series M in the amount of $10,687.50 per share.
 Dividend No. 11 was declared on the Cumulative Redeemable Retractable First Preferred Shares Series N in the amount of $1.125 per share.
 Dividend No. 7 was declared on the Cumulative Redeemable First Preferred Shares Series O in the amount of $0.9875 per share.
 Dividend No. 5 was declared on the Cumulative Redeemable First Preferred Shares Series P in the amount of $0.96875 per share.
 Dividend No. 6 was declared on the Cumulative Equity Second Preferred Shares Series B in the amount of $0.3125.
 In addition, Dividend No. 13 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, 1993, payable Dec. 1, 1993, to the shareholders of record at the close of business on Oct. 29, 1993.
 -0- 8/4/93
 /CONTACT: David Annesley of TransCanada, 403-267-8525/
 (TRP.)


CO: TransCanada PipeLines Ltd. ST: Alberta IN: OIL SU: DIV

EH-JB -- LA026 -- 9389 08/04/93 12:47 EDT
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Publication:PR Newswire
Date:Aug 4, 1993
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