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

Calgary, ab , nov. 1, 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 n (series n shares) (tsx: enb.pr.n) on december 1, 2023. as a result, subject to certain conditions, the holders of the series n shares have the right to convert all or part of their series n shares on a one-for-one basis into cumulative redeemable preference shares, series o of enbridge (series o shares) on december 1, 2023.
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