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Enbridge Inc. Cumulative Redeemable Preference Shares, Series C
Ticker Symbol: EBPPF* CUSIP: Unknown* Exchange: OTOTC
* If you know the CUSIP number for this security, please let us know.
* NOTE: This security is no longer trading as of 6/01/2022
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Enbridge Inc. Cumulative Floating Rate Redeemable Preference Shares, Series C, liquidation preference $25 Canadian Dollars per share, redeemable at the issuer's option on 6/01/2017 and every June 1st in every fifth year thereafter at $25 Canadian Dollars per share plus accrued and unpaid dividends, and with no stated maturity. Variable rate distributions are paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the date fixed by the board (NOTE: the ex-dividend date is one business day prior to the record date). The variable rate distributions will be paid at a rate equal to the Non-callable 5 Year Government of Canada bond on the applicable fixed rate calculation date plus 2.40%, (see prospectus for more details). On 6/01/2017 and every June 1st in every fifth year thereafter the holder will have the right to convert their Enbridge Inc. Cumulative Floating Rate Redeemable Preference Shares, Series C into Enbridge Inc. Cumulative Redeemable Preference Shares, Series B (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)
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Notes: May 19, 2022 - - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that, after taking into account all election notices received prior to 5:00 p.m. (EST) on May 17, 2022, 107,904 of its 18,269,812 Cumulative Redeemable Preference Shares, Series B (Series B Shares) were tendered for conversion, on a one-for-one basis, into Cumulative Redeemable Preference Shares, Series C of Enbridge (Series C Shares) and 1,188,789 of its 1,730,188 Series C Shares were tendered for conversion, on a one-for-one basis, into Series B Shares of Enbridge, effective on June 1, 2022.
Enbridge, after taking into account all Series B Shares and all Series C Shares tendered for conversion, has determined that there will be less than 1,000,000 Series C Shares outstanding after June 1, 2022. Consequently, all remaining Series C Shares will automatically be converted into Series B Shares on a one-for-one basis on June 1, 2022, and no Series B Shares will be converted into Series C Shares. All Prices are in Canadian Dollars. Issued with the Series B shares.
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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
Jonathan Morgan
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800-481-2804
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| Toll Free Phone Number |
800-481-2804 |
| CEO - Al Monaco |
CFO - Vern D. Yu |
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