CALGARY, Feb. 14, 2019 /CNW/ - Enbridge Inc. (TSX: ENB)
(NYSE: ENB) (Enbridge or the Company) announced today that none of
Enbridge's outstanding Cumulative Redeemable Preference Shares,
Series 7 (Series 7 Shares) will be converted into Cumulative
Redeemable Preference Shares, Series 8 of Enbridge (Series 8
Shares) on March 1, 2019.
After taking into account all conversion notices received from
holders of its outstanding Series 7 Shares by the February 14, 2019 deadline for the conversion of
the Series 7 Shares into Series 8 Shares, less than the 1,000,000
Series 7 Shares required to give effect to conversions into Series
8 Shares were tendered for conversion.
About Enbridge Inc.
Enbridge is North America's premier energy infrastructure
company with strategic business platforms that include an extensive
network of crude oil, liquids and natural gas pipelines, regulated
natural gas distribution utilities and renewable power generation.
The Company safely delivers an average of 2.9 million barrels of
crude oil each day through its Mainline and Express Pipeline;
accounts for approximately 62% of U.S.-bound Canadian crude oil
exports; and moves approximately 22% of all natural gas consumed in
the U.S., serving key supply basins and demand markets. The
Company's regulated utilities serve approximately 3.7 million
retail customers in Ontario,
Quebec, and New Brunswick. Enbridge also has interests in
more than 1,700 MW of net renewable generating capacity in
North America and Europe. The Company has ranked on the Global
100 Most Sustainable Corporations index for the past nine years;
its common shares trade on the Toronto and New
York stock exchanges under the symbol ENB.
Life takes energy and Enbridge exists to fuel people's
quality of life. For more information, visit
www.enbridge.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Media
Jesse Semko
Toll Free: (888) 992-0997
Email: media@enbridge.com
Investment Community
Jonathan
Gould
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com
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SOURCE Enbridge Inc.