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Enbridge Announces Conversion Results for Series 11 Preferred Shares

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Enbridge Inc. (TSX: ENB) (NYSE: ENB) announced that no Series 11 Cumulative Redeemable Preference Shares will be converted into Series 12 Shares on March 1, 2025. This decision comes after the conversion notices received by the February 14, 2025 deadline fell short of the required 1,000,000 Series 11 Shares threshold needed to initiate the conversion into Series 12 Shares.

Enbridge operates North American natural gas, oil, and renewable power networks, along with a European offshore wind portfolio. The company focuses on modern energy delivery infrastructure, leveraging over a century of conventional energy experience and two decades in renewable power. They are also developing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.

Enbridge Inc. (TSX: ENB) (NYSE: ENB) ha annunciato che nessuna Azione di Preferenza Cumulativa di Serie 11 sarà convertita in Azioni di Serie 12 il 1 marzo 2025. Questa decisione è stata presa dopo che le notifiche di conversione ricevute entro la scadenza del 14 febbraio 2025 non hanno raggiunto la soglia richiesta di 1.000.000 Azioni di Serie 11 necessarie per avviare la conversione in Azioni di Serie 12.

Enbridge gestisce reti di gas naturale, petrolio e energia rinnovabile in Nord America, insieme a un portafoglio di energia eolica offshore in Europa. L'azienda si concentra sulle infrastrutture moderne per la consegna di energia, sfruttando oltre un secolo di esperienza nell'energia convenzionale e due decenni nel settore delle energie rinnovabili. Inoltre, sta sviluppando nuove tecnologie, tra cui idrogeno, gas naturale rinnovabile e cattura e stoccaggio del carbonio.

Enbridge Inc. (TSX: ENB) (NYSE: ENB) anunció que no se convertirán acciones preferentes acumulativas de la Serie 11 en acciones de la Serie 12 el 1 de marzo de 2025. Esta decisión se toma después de que los avisos de conversión recibidos antes de la fecha límite del 14 de febrero de 2025 no alcanzaron el umbral requerido de 1.000.000 de acciones de la Serie 11 necesarias para iniciar la conversión a acciones de la Serie 12.

Enbridge opera redes de gas natural, petróleo y energía renovable en América del Norte, junto con un portafolio de energía eólica marina en Europa. La compañía se centra en la infraestructura moderna de entrega de energía, aprovechando más de un siglo de experiencia en energía convencional y dos décadas en energía renovable. También están desarrollando nuevas tecnologías, incluyendo hidrógeno, gas natural renovable y captura y almacenamiento de carbono.

엔브리지 Inc. (TSX: ENB) (NYSE: ENB)는 2025년 3월 1일에 시리즈 11 누적 상환 우선주가 시리즈 12 주식으로 전환되지 않을 것이라고 발표했습니다. 이 결정은 2025년 2월 14일 마감일까지 받은 전환 통지가 시리즈 12 주식으로의 전환을 시작하는 데 필요한 1,000,000주 시리즈 11 주식의 기준에 미치지 못했기 때문에 내려졌습니다.

엔브리지는 북미의 천연가스, 석유 및 재생 가능 에너지 네트워크를 운영하며, 유럽의 해상 풍력 포트폴리오도 보유하고 있습니다. 이 회사는 100년 이상의 전통 에너지 경험과 20년의 재생 가능 에너지 경험을 바탕으로 현대 에너지 전달 인프라에 집중하고 있습니다. 또한, 수소, 재생 가능 천연가스 및 탄소 포집 및 저장을 포함한 새로운 기술을 개발하고 있습니다.

Enbridge Inc. (TSX: ENB) (NYSE: ENB) a annoncé qu'aucune action privilégiée cumulative de Série 11 ne sera convertie en actions de Série 12 le 1er mars 2025. Cette décision fait suite au fait que les avis de conversion reçus avant la date limite du 14 février 2025 n'ont pas atteint le seuil requis de 1.000.000 d'actions de Série 11 nécessaires pour initier la conversion en actions de Série 12.

Enbridge exploite des réseaux de gaz naturel, de pétrole et d'énergie renouvelable en Amérique du Nord, ainsi qu'un portefeuille d'énergie éolienne offshore en Europe. L'entreprise se concentre sur les infrastructures modernes de distribution d'énergie, s'appuyant sur plus d'un siècle d'expérience dans l'énergie conventionnelle et deux décennies dans l'énergie renouvelable. Elle développe également de nouvelles technologies, y compris l'hydrogène, le gaz naturel renouvelable et la capture et le stockage du carbone.

Enbridge Inc. (TSX: ENB) (NYSE: ENB) hat bekannt gegeben, dass am 1. März 2025 keine kumulierten, einlösbaren Vorzugsaktien der Serie 11 in Vorzugsaktien der Serie 12 umgewandelt werden. Diese Entscheidung wurde getroffen, nachdem die bis zur Frist am 14. Februar 2025 eingegangenen Umwandlungsanträge die erforderliche Schwelle von 1.000.000 Vorzugsaktien der Serie 11, die für die Einleitung der Umwandlung in Vorzugsaktien der Serie 12 nötig sind, nicht erreicht haben.

Enbridge betreibt Netzwerke für Erdgas, Öl und erneuerbare Energien in Nordamerika sowie ein europäisches Offshore-Windportfolio. Das Unternehmen konzentriert sich auf moderne Energieinfrastruktur und nutzt über ein Jahrhundert Erfahrung im konventionellen Energiebereich sowie zwei Jahrzehnte im Bereich erneuerbare Energien. Außerdem entwickeln sie neue Technologien, darunter Wasserstoff, erneuerbares Erdgas und Kohlenstoffabscheidung und -speicherung.

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CALGARY, AB, Feb. 14, 2025 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 11 (Series 11 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 12 (Series 12 Shares) on March 1, 2025.

After taking into account all conversion notices received from holders of its outstanding Series 11 Shares by the February 14, 2025 deadline for the conversion of the Series 11 Shares into Series 12 Shares, less than the 1,000,000 Series 11 Shares required to give effect to conversions into Series 12 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 and 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 more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, carbon capture and storage. 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                                                                          Investment Community
Toll Free: (888) 992-0997                                           Toll Free: (800) 481-2804
Email: media@enbridge.com                                     Email: investor.relations@enbridge.com

Cision View original content:https://www.prnewswire.com/news-releases/enbridge-announces-conversion-results-for-series-11-preferred-shares-302377403.html

SOURCE Enbridge Inc.

FAQ

What was the minimum threshold required for ENB Series 11 Shares conversion in February 2025?

The minimum threshold required was 1,000,000 Series 11 Shares to enable conversion into Series 12 Shares.

When was the deadline for ENB Series 11 Shares conversion notices?

The deadline for conversion notices was February 14, 2025.

What was the planned conversion date for ENB Series 11 Shares to Series 12 Shares?

The planned conversion date was March 1, 2025.

Why did ENB's Series 11 Shares conversion to Series 12 not proceed?

The conversion did not proceed because the number of Series 11 Shares tendered for conversion was less than the required 1,000,000 shares threshold.

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