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Enbridge Inc. Cumulative Redeemable Reset Rate Preference Shares, Series 5
Ticker Symbol: EBGEF CUSIP: 29250N667 Exchange: OTOTC
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Enbridge Inc. Cumulative Redeemable Preference Shares, Series 5, liquidation preference $25 per share, redeemable at the issuer's option on 3/01/2019 and every March 1st in every fifth year thereafter at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of the Annual Fixed Dividend Rate will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date fixed by the board, not more than 60 days or less than 30 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The Annual Fixed Dividend Rate will be $1.10 until the first redemption date, then it will be equal to the sum of the Non-callable 5 Year United States Treasury bond on the applicable fixed rate calculation date plus 2.82%, resetting every 5 years thereafter on the applicable fixed rate calculation date. (see prospectus for more details). On 3/01/2019 and every March 1st in every fifth year there after the holder will have the right to convert their Enbridge Inc. Cumulative Redeemable Preference Shares, Series 5 into Enbridge Inc. Cumulative Redeemable Floating Rate Preference Shares, Series 6 (see prospectus for more details). In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company.
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Go to Parent Company's Record (ENB)
Notes: 01/31/2024 -- With respect to any Series 5 Shares that remain outstanding after March 1, 2024, holders thereof will be entitled to receive quarterly fixed cumulative preferential cash dividends, as and when declared by the Board of Directors of Enbridge. The new annual dividend rate applicable to the Series 5 Shares for the five-year period commencing on March 1, 2024 to, but excluding, March 1, 2029 will be 6.683 percent, being equal to the five-year United States Treasury bond yield of 3.863 percent determined as of today plus 2.82 percent in accordance with the terms of the Series 5 Shares.
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Market Value $ Million
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Company's Online Information Links
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| Company's Online Government Filings Links |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: 200, 425 1st Street S.W., Calgary, Alberta, Canada T2P 3L8 |
| Main Phone Number |
403-231-5935 |
| Fax Number |
403-231-5780 |
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Inv Rel Phone Number
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403-231-5957 |
| Address and Phone Numbers |
| U.S. Representative |
N.A. |
| Address: 1100 Louisiana, Suite 3200, Houston, TX 77002 |
| Main Phone Number |
713-650-8900 |
| Fax Number |
403-231-5780 |
| Investor Relations
Rebecca Morley
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800-481-2804
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| Toll Free Phone Number |
800-481-2804 |
| CEO - Gregory L. Ebel |
CFO - Vern D. Yu |
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