Enbridge announces conversion results of series 1, series F preferreds

Chicago, May 17 – Enbridge Inc. announced the conversion results for two series of preferred shares in separate press releases on Wednesday evening.

First, none of the outstanding cumulative redeemable preference shares from series 1 will be converted into series 2 shares on June 1.

Not enough conversion notices were received from holders. There would have been less than 1 million shares converted, not enough to give effect for conversions.

Second, some of the series F cumulative redeemable preference shares will be converted on June 1.

The company will be converting 1,827,695 series F shares on a one-for-one basis into series G shares.

After June 1, there will be 18,172,305 series F shares and 1,827,695 series G shares.

The series F shares will still trade on the Toronto Stock Exchange as “ENBPrF.” The series G have been conditionally approved for listing after the conversion.

Enbridge is an energy infrastructure company based in Calgary, Alta.

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