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

Calgary, ab , may 2, 2022 /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 b (series b shares) (tsx:  enb.pr.b) or its right to redeem its currently outstanding cumulative redeemable preference shares, series c (series c shares) (tsx: enb.pr.c) on june 1, 2022. as a result, subject to certain conditions, the holders of the series b shares have the right to convert all or part of their series b shares on a one-for-one basis into series c shares on june 1, 2022 and the holders of the series c shares have the right to convert all or part of their series c shares on a one-for-one bases into series b shares on june 1, 2022.
ENB Ratings Summary
ENB Quant Ranking