Enbridge provides notice of series 19 preferred shares conversion right and announces reset dividend rates

Calgary, ab , jan. 30, 2023 /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 minimum rate reset preference shares, series 19 (series 19 shares) (tsx: enb.pf.k) on march 1, 2023. as a result, subject to certain conditions, the holders of the series 19 shares have the right to convert all or part of their series 19 shares on a one-for-one basis into cumulative redeemable preference shares, series 20 of enbridge (series 20 shares) on march 1, 2023.
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