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Enbridge Inc. Cumulative Redeemable Reset Rate Preference Shares, Series J
Ticker Symbol: ENBBF* CUSIP: 29250N824 Exchange: OTOTC
* NOTE: This security is no longer trading as of 6/01/2022
Security has been Called for: Wednesday, June 1, 2022
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May 4, 2022 -- Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it has exercised its right to redeem all of its outstanding Cumulative Redeemable Preference Shares, Series J ("Series J Shares") (TSX: ENB.PR.U) on June 1, 2022 at a price of US$25.00 per Series J Share, together with all accrued and unpaid dividends, if any. Rate declared for period 06/01/2017 to 06/01/2022 is 4.887%.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Enbridge Inc. Cumulative Redeemable Preference Shares, Series J, liquidation preference $25 per share, redeemable at the issuer's option on 6/01/2017 and every June 1st in every fifth year thereafter at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Non-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 $1.00 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 3.15%, resetting every 5 years thereafter on the applicable fixed rate calculation date. (see prospectus for more details). On 6/01/2017 and every June 1st in every fifth year there after the holder will have the right to convert their Enbridge Inc. Cumulative Redeemable Preference Shares, Series J into Enbridge Inc. Cumulative Redeemable Floating Rate Preference Shares, Series K (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)
Market Value $200.0 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
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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