Enbridge provides notice of series 1 preferred shares conversion right and announces reset dividend rates

Calgary, ab , may 2, 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 preference shares, series 1 (series 1 shares) (tsx: enb.pr.v) on june 1, 2023. as a result, subject to certain conditions, the holders of the series 1 shares have the right to convert all or part of their series 1 shares on a one-for-one basis into cumulative redeemable preference shares, series 2 of enbridge (series 2 shares) on june 1, 2023.
ENB Ratings Summary
ENB Quant Ranking