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Enbridge Announces Conversion Results for Series 1 Preferred Shares

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Enbridge Inc. announced that none of its outstanding Series 1 Shares will be converted into Series 2 Shares. Less than the required 1,000,000 Series 1 Shares were tendered for conversion.
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  • None of the outstanding Series 1 Shares will be converted into Series 2 Shares.
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  • Less than the required number of Series 1 Shares were tendered for conversion.

CALGARY, AB, May 17, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 1 (Series 1 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 2 (Series 2 Shares) on June 1, 2023.

After taking into account all conversion notices received from holders of its outstanding Series 1 Shares by the May 17, 2023 deadline for the conversion of the Series 1 Shares into Series 2 Shares, less than the 1,000,000 Series 1 Shares required to give effect to conversions into Series 2 Shares were tendered for conversion.

About Enbridge Inc. 

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil or renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on two decades of experience in renewable energy to advance new technologies including wind and solar power, hydrogen, renewable natural gas and carbon capture and storage. We're committed to reducing the carbon footprint of the energy we deliver, and to achieving net zero greenhouse gas emissions by 2050. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Media
Toll Free: (888) 992-0997
Email: media@enbridge.com

Investment Community
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com

Cision View original content:https://www.prnewswire.com/news-releases/enbridge-announces-conversion-results-for-series-1-preferred-shares-301827946.html

SOURCE Enbridge Inc.

FAQ

What is the conversion status of Enbridge Inc.'s Series 1 Shares?

None of the outstanding Series 1 Shares will be converted into Series 2 Shares.

How many Series 1 Shares were tendered for conversion?

Less than the required 1,000,000 Series 1 Shares were tendered for conversion.

Enbridge, Inc

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93.02B
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Oil & Gas Midstream
Pipe Lines (no Natural Gas)
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United States of America
CALGARY