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

Calgary, ab , aug. 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 l (series l shares) (tsx: enb.pf.u) on september 1, 2022. as a result, subject to certain conditions, the holders of the series l shares have the right to convert all or part of their series l shares on a one-for-one basis into cumulative redeemable preference shares, series m of enbridge (series m shares) on september 1, 2022.
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