TransCanada Declares Series 7 Preferred Share Dividend

CALGARY, ALBERTA--(Marketwired - April 18, 2013) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that the Board of Directors of TransCanada declared an initial dividend of $0.1562 per share for the period commencing March 4, 2013 to, but excluding, April 30, 2013, on TransCanada's cumulative redeemable first preferred shares, series 7 (the "Series 7 Preferred Shares").

The initial dividend is payable on April 30, 2013 to shareholders of record at the close of business on April 26, 2013.

With more than 60 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and oil pipelines, power generation and gas storage facilities. TransCanada operates a network of natural gas pipelines that extends more than 68,500 kilometres (42,500 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's largest providers of gas storage and related services with more than 400 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 11,800 megawatts of power generation in Canada and the United States. TransCanada is developing one of North America's largest oil delivery systems. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. For more information visit: www.transcanada.com or check us out on Twitter @TransCanada or http://blog.transcanada.com.