Enbridge Announces Conversion Results for Series 9 Preferred Shares

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Enbridge Inc. (TSX: ENB) (NYSE: ENB) announced that no conversion of its outstanding Cumulative Redeemable Preference Shares, Series 9 into Series 10 Shares will occur on December 1, 2024. This decision comes after receiving insufficient conversion notices from Series 9 shareholders, with less than the required 1,000,000 shares being tendered for conversion by the November 18, 2024 deadline.

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CALGARY, AB, Nov. 18, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 9 (Series 9 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 10 (Series 10 Shares) on December 1, 2024.

After taking into account all conversion notices received from holders of its outstanding Series 9 Shares by the November 18, 2024 deadline for the conversion of the Series 9 Shares into Series 10 Shares, less than the 1,000,000 Series 9 Shares required to give effect to conversions into Series 10 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:

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Toll Free: (888) 992-0997                                           Toll Free: (800) 481-2804
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View original content:https://www.prnewswire.com/news-releases/enbridge-announces-conversion-results-for-series-9-preferred-shares-302309171.html

SOURCE Enbridge Inc.

FAQ

What was the outcome of Enbridge's (ENB) Series 9 preferred shares conversion announcement?

No Series 9 preferred shares will be converted to Series 10 shares as less than the required 1,000,000 shares were tendered for conversion by the November 18, 2024 deadline.

What was the minimum number of shares required for Enbridge's (ENB) Series 9 to Series 10 conversion?

A minimum of 1,000,000 Series 9 shares were required to be tendered to enable the conversion into Series 10 shares.

When was the deadline for Enbridge's (ENB) Series 9 preferred shares conversion notices?

The deadline for Series 9 shareholders to submit conversion notices was November 18, 2024.