Enbridge Announces Conversion Results for Series 13 Preferred Shares

Rhea-AI Summary

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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CALGARY, AB, May 20, 2025 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 13 (Series 13 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 14 (Series 14 Shares) on June 1, 2025.

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, 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

View original content:https://www.prnewswire.com/news-releases/enbridge-announces-conversion-results-for-series-13-preferred-shares-302461147.html

SOURCE Enbridge Inc.

FAQ

What happened to Enbridge's Series 13 Preferred Shares conversion?

Enbridge announced that no Series 13 Preferred Shares will be converted to Series 14 Shares on June 1, 2025, as the minimum requirement of 1,000,000 shares for conversion was not met.

What was the minimum requirement for ENB's Series 13 to Series 14 shares conversion?

A minimum of 1,000,000 Series 13 Shares needed to be tendered for the conversion to Series 14 Shares to take effect.

When was the deadline for Enbridge's Series 13 shares conversion notices?

The deadline for Series 13 Shares conversion notices was May 20, 2025.

What is the conversion date for ENB's Series 13 Preferred Shares?

The conversion date was scheduled for June 1, 2025, but will not proceed due to insufficient shares tendered.