CALGARY, ALBERTA -- (Marketwire) -- 03/04/10 -- TransCanada Corporation (TSX: TRP) (NYSE: TRP) (TransCanada) today announced that it will issue 12 million cumulative redeemable first preferred shares, series 3 (the "Series 3 Preferred Shares") at a price of $25.00 per share, for aggregate gross proceeds of $300 million on a bought deal basis to a syndicate of underwriters in Canada led by Scotia Capital Inc., and RBC Capital Markets. The holders of Series 3 Preferred Shares will be entitled to receive fixed cumulative dividends at an annual rate of $1.00 per share, payable quarterly, as and when declared by the
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