CALGARY, AB, Aug. 19, 2024 /PRNewswire/ - Enbridge Inc.
(TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today
that 1,502,775 of its outstanding Cumulative Redeemable Preference
Shares, Series 3 (Series 3 Shares) were tendered for conversion, on
a one-for-one basis, into Cumulative Redeemable Preference Shares,
Series 4 of Enbridge (Series 4 Shares), effective on September 1, 2024. As a result, on September 1, 2024, Enbridge will have 22,497,225
Series 3 Shares and 1,502,775 Series 4 Shares issued and
outstanding.
The Series 3 Shares will continue to be listed on the Toronto
Stock Exchange (TSX) under the symbol ENB.PR.Y. The TSX has
conditionally approved the listing of the Series 4 Shares effective
upon conversion. The Series 4 Shares will begin trading on the TSX
on September 3, 2024, subject to the
fulfillment of all the listing requirements of the TSX.
Forward-Looking Statements
Forward-looking information, or forward-looking statements,
have been included in this news release to provide information
about Enbridge, including statements with respect to the conversion
of part of the Series 3 Shares into Series 4 Shares on September 1, 2024 and the listing of the Series 4
Shares on the TSX. This information may not be appropriate for
other purposes. Although Enbridge believes these forward-looking
statements are reasonable based on the information available on the
date such statements are made and on processes used to prepare the
information, such statements are not guarantees of future events
and readers are cautioned against placing undue reliance on
forward-looking statements. By their nature, these statements
involve a variety of assumptions, known and unknown risks and
uncertainties and other factors, which may cause actual events to
differ materially from those expressed or implied by such
statements.
Enbridge's forward-looking statements are subject to risks
and uncertainties, including, but not limited to those risks and
uncertainties discussed in this news release and in the Company's
other filings with Canadian and United
States securities regulators. The impact of any one risk,
uncertainty or factor on a particular forward-looking statement is
not determinable with certainty as these are interdependent and
Enbridge's future course of action depends on management's
assessment of all information available at the relevant time.
Except to the extent required by applicable law, Enbridge assumes
no obligation to publicly update or revise any forward-looking
statements made in this news release or otherwise, whether as a
result of new information, future events or otherwise. All
subsequent forward-looking statements, whether written or oral,
attributable to Enbridge or persons acting on its behalf, are
expressly qualified in their entirety by these cautionary
statements.
About Enbridge Inc.
At Enbridge, we safely connect millions of people to the energy
they rely on every day, fueling quality of life through our North
American natural gas, oil and renewable power networks and our
growing European offshore wind portfolio. We're investing in modern
energy delivery infrastructure to sustain access to secure,
affordable energy and building on more than a century of operating
conventional energy infrastructure and two decades of experience in
renewable power. We're advancing new technologies including
hydrogen, renewable natural gas, carbon capture and storage.
Headquartered in Calgary, Alberta, Enbridge's common shares trade under
the symbol ENB on the Toronto (TSX) and New
York (NYSE) stock exchanges. To learn more, visit us at
enbridge.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
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Toll Free: (800)
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Email: media@enbridge.com
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Email:
investor.relations@enbridge.com
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SOURCE Enbridge Inc.