Enbridge provides notice of series 3 preferred shares conversion right and announces reset dividend rates

Calgary, ab , aug. 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 3 (series 3 shares) (tsx: enb.pr.y) on september 1, 2024. as a result, subject to certain conditions, the holders of the series 3 shares have the right to convert all or part of their series 3 shares on a one-for-one basis into cumulative redeemable preference shares, series 4 of enbridge (series 4 shares) on september 1, 2024.
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