Enbridge provides notice of series r preferred shares conversion right and announces reset dividend rates

Calgary, ab , may 2, 2024 /prnewswire/ - enbridge inc. (tsx: enb) (nyse: enb) (enbridge or the company) announced today that it does not intend to exercise its right to redeem its currently outstanding cumulative redeemable preference shares, series r (series r shares) (tsx: enb.pr.t) on june 3, 2024. as a result, subject to certain conditions, the holders of the series r shares have the right to convert all or part of their series r shares on a one-for-one basis into cumulative redeemable preference shares, series s of enbridge (series s shares) on june 3, 2024.
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