Q: Have read previous answers about the ACB being the price on day one of trading or $30. My broker has has assigned a ACB of $12.99 per share and reduced my ACB of TRP by #shares X 12.99. Which version is correct?
5i Research Answer:
We would wait for the company on this. Some brokers as noted are already providing an updated cost base for their clients’ TC Energy and South Bow shares. However, these are preliminary numbers and may change as the companies provide more detailed information in the coming weeks. “Estimated proportionate allocation of adjusted cost base between TC Energy common shares and South Bow common shares is expected to be posted on the TC Energy and South Bow websites when available during the fourth quarter in 2024,” the company notes on its FAQ page of its website.