Enbridge Announces Conversion Results for Series N Preferred Shares

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Enbridge Inc. (ENB) Announces Series N Shares Will Not Convert to Series O Shares

CALGARY, AB, Nov. 16, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series N (Series N Shares) will be converted into Cumulative Redeemable Preference Shares, Series O (Series O Shares) on December 1, 2023.

After taking into account all conversion notices received from holders of its outstanding Series N Shares by the November 16, 2023 deadline for the conversion of the Series N Shares into Series O Shares, less than the 1,000,000 Series N Shares required to give effect to conversions into Series O 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 to advance new technologies including 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 
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Email: media@enbridge.com

Investment Community
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Email: investor.relations@enbridge.com

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SOURCE Enbridge Inc.

FAQ

What did Enbridge Inc. announce regarding its Series N Shares?

Enbridge Inc. announced that its outstanding Series N Shares will not be converted into Series O Shares on December 1, 2023.

How many Series N Shares were tendered for conversion?

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

What is the ticker symbol for Enbridge Inc.?

The ticker symbols for Enbridge Inc. are TSX: ENB and NYSE: ENB.