Enbridge Announces Conversion Results for Series 15 Preferred Shares

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Enbridge (NYSE:ENB) announced that no Series 15 Preferred Shares will be converted into Series 16 Preferred Shares on September 1, 2025. This decision comes after receiving insufficient conversion notices from shareholders, with less than the required 1,000,000 Series 15 Shares being tendered for conversion by the August 18, 2025 deadline.

Enbridge is a North American energy infrastructure company that operates natural gas, oil, and renewable power networks, including a European offshore wind portfolio. The company focuses on modern energy delivery infrastructure and is exploring new technologies like hydrogen, renewable natural gas, and carbon capture.

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CALGARY, AB, Aug. 18, 2025 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 15 (Series 15 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 16 (Series 16 Shares) on September 1, 2025.

After taking into account all conversion notices received from holders of its outstanding Series 15 Shares by the August 18, 2025 deadline for the conversion of the Series 15 Shares into Series 16 Shares, less than the 1,000,000 Series 15 Shares required to give effect to conversions into Series 16 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.

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SOURCE Enbridge Inc.

FAQ

What was announced about Enbridge's Series 15 Preferred Shares conversion?

Enbridge announced that no Series 15 Preferred Shares will be converted to Series 16 Preferred Shares on September 1, 2025, as less than the required 1,000,000 shares were tendered for conversion.

When was the deadline for Enbridge's Series 15 Shares conversion notices?

The deadline for Series 15 Shares conversion notices was August 18, 2025.

What is the minimum number of shares required for ENB's Series 15 to Series 16 conversion?

A minimum of 1,000,000 Series 15 Shares were required to be tendered to give effect to the conversion into Series 16 Shares.

What are Enbridge's main business operations?

Enbridge operates North American natural gas, oil, and renewable power networks, along with a European offshore wind portfolio. They also invest in new technologies including hydrogen, renewable natural gas, and carbon capture.