TRANSCANADA PIPE <TRP> SETS SHARE REDEMPTION
TransCanada PipeLines Ltd said it will
redeem all 1.6 mln outstanding cumulative redeemable
retractable first preferred shares, series F on May 1, 1987 at
a price of 52 dlrs a share, or a total of 83.2 mln dlrs.
    The regular quarterly dividend of 1.795 dlrs a share
payable May 1, 1987 to shareholders of record March 31, will be
mailed separately from the notice of redemption, the company
said.
 Reuter
