Update from aspen investments lp with respect to equity interest purchase agreement with tc energy corporation

Calgary, alberta--(newsfile corp. - september 11, 2024) - further to the press release of tc energy corporation issued on september 10, 2024, aspen investments limited partnership ("aspen investments lp"), an indigenous-owned investment partnership, would like to provide an update on the equity interest purchase transaction (the "transaction") between aspen investments lp and an affiliate of tc energy corporation, pursuant to which aspen investments lp is to acquire a minority equity interest of 5.34% in the ngtl system and the foothills pipeline assets for a gross purchase price of $1 billion. aspen investments lp was prepared and in a position to close the transaction, including completion of the bond financing in connection with the transaction, on september 9, 2024.
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