Enbridge Announces Conversion Results for Series 13 Preferred Shares
Enbridge Inc. (ENB) has announced that none of its outstanding Cumulative Redeemable Preference Shares, Series 13 will be converted into Series 14 Shares on June 1, 2025.
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Enbridge Inc. (ENB) has announced that none of its outstanding Cumulative Redeemable Preference Shares, Series 13 will be converted into Series 14 Shares on June 1, 2025. The conversion threshold required a minimum of 1,000,000 Series 13 Shares to be tendered, but after reviewing all conversion notices received by the May 20, 2025 deadline, the number of shares tendered fell short of this requirement.
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News Market Reaction – ENB
The recorded move for ENB in the trading session of this news was -0.09%.
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After taking into account all conversion notices received from holders of its outstanding Series 13 Shares by the May 20, 2025 deadline for the conversion of the Series 13 Shares into Series 14 Shares, less than the 1,000,000 Series 13 Shares required to give effect to conversions into Series 14 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,
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View original content:https://www.prnewswire.com/news-releases/enbridge-announces-conversion-results-for-series-13-preferred-shares-302461147.html
SOURCE Enbridge Inc.
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