SCHEDULE: Bank of Montreal Discloses 4.42% Stake in TC Energy

Bank of Montreal and its subsidiaries have disclosed a combined beneficial ownership of 4.42% in TC Energy Corp common shares.

Summary

• Bank of Montreal, along with its various subsidiaries, reported beneficial ownership of 46,029,764 common shares of TC Energy Corp.
• This aggregate ownership represents 4.42% of TC Energy Corp's class of securities.
• The shares are held in the ordinary course of business and not for the purpose of changing or influencing the control of TC Energy Corp.
• Bank of Montreal holds sole voting power over 45,572,870 shares and shared voting power over 289,770 shares.
• Bank of Montreal holds sole dispositive power over 45,739,994 shares and shared dispositive power over 289,770 shares.
• Key subsidiaries contributing to the beneficial ownership include BANK OF MONTREAL HOLDING INC. (2.65%), BMO NESBITT BURNS INC. WEALTH MANAGEMENT (2.63%), and BMO ASSET MANAGEMENT INC. (1.15%).

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership by a large financial institution and its affiliates in a publicly traded energy company. It does not provide specific insights into broader industry trends or competitive dynamics beyond the ownership stake itself.

Stakeholder Impact

• Provides transparency to shareholders and the market regarding significant institutional ownership in TC Energy Corp.
• Confirms that Bank of Montreal's stake is for investment purposes in the ordinary course of business, not for control influence.

Key Dates

Keywords

TC Energy, Bank of Montreal, BMO, Beneficial Ownership, Schedule 13G, Common Shares, Energy Sector, Pipeline