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Enbridge Announces Conversion Results for Series 13 Preferred Shares

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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.

Enbridge Inc. (ENB) ha annunciato che nessuna delle sue Azioni di Preferenza Cumulativa Riscattabili in circolazione, Serie 13, sar脿 convertita in Azioni Serie 14 il 1掳 giugno 2025. La soglia per la conversione richiedeva un minimo di 1.000.000 di Azioni Serie 13 da presentare, ma dopo aver esaminato tutti gli avvisi di conversione ricevuti entro la scadenza del 20 maggio 2025, il numero di azioni presentate non ha raggiunto questo requisito.

Enbridge Inc. (ENB) ha anunciado que ninguna de sus Acciones Preferentes Rescatables Acumulativas en circulaci贸n, Serie 13, se convertir谩 en Acciones Serie 14 el 1 de junio de 2025. El umbral de conversi贸n requer铆a un m铆nimo de 1,000,000 de Acciones Serie 13 para ser ofrecidas, pero tras revisar todos los avisos de conversi贸n recibidos antes del 20 de mayo de 2025, el n煤mero de acciones ofrecidas no alcanz贸 este requisito.

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Enbridge Inc. (ENB) a annonc茅 qu'aucune de ses actions privil茅gi茅es cumulatives remboursables en circulation, s茅rie 13, ne sera convertie en actions s茅rie 14 le 1er juin 2025. Le seuil de conversion exigeait un minimum de 1 000 000 d鈥檃ctions s茅rie 13 脿 soumettre, mais apr猫s examen de tous les avis de conversion re莽us avant la date limite du 20 mai 2025, le nombre d鈥檃ctions soumises n鈥檃 pas atteint ce seuil.

Enbridge Inc. (ENB) hat bekannt gegeben, dass keine seiner ausstehenden kumulativen r眉ckzahlbaren Vorzugsaktien der Serie 13 am 1. Juni 2025 in Serie 14 Aktien umgewandelt werden. Die Umwandlungsvoraussetzung verlangte mindestens 1.000.000 Serie 13 Aktien zur Einreichung, aber nach Pr眉fung aller bis zum 20. Mai 2025 eingegangenen Umwandlungsmitteilungen wurde diese Anzahl nicht erreicht.

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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.聽

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聽Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the聽Toronto聽(TSX) and聽New York聽(NYSE) stock exchanges. To learn more, visit us at enbridge.com.

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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.
Enbridge

NYSE:ENB

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97.30B
2.18B
0.07%
53.83%
1.58%
Oil & Gas Midstream
Pipe Lines (no Natural Gas)
Canada
CALGARY