CALGARY, Feb. 19, 2019 /CNW/ - Enbridge Inc. (TSX:
ENB) (NYSE:ENB) (Enbridge or the Company) announced today that
Westcoast Energy Inc. ("Westcoast") intends to exercise its right
to redeem all of its outstanding 5.50% Cumulative Redeemable First
Preferred Shares, Series 7 ("Series 7 Shares") on March 20, 2019 at a price of $25.00 per Series 7 Share, together with all
accrued and unpaid dividends.
Westcoast also intends to exercise its right to redeem all of
its outstanding 5.60% Cumulative Redeemable First Preferred Shares,
Series 8 ("Series 8 Shares") on March 20,
2019 at a price of $25.00 per
Series 8 Share, together with all accrued and unpaid dividends.
Beneficial holders who are not directly the registered holders
of the Series 7 Shares or Series 8 Shares should contact the
financial institution, broker or other intermediary through which
they hold these shares to confirm how they will receive their
redemption proceeds. Inquiries from registered shareholders should
be directed to Westcoast's Registrar and Transfer Agent,
Computershare Investor Services Inc., at 1 800-564-6253
(Canada and United States) or 1-514-982-7555 (Outside
North America).
Westcoast Energy Inc. is an indirect subsidiary of Enbridge
Inc.
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 in excess
of 3 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 18% 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's 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:
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Media
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Investment
Community
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Jesse
Semko
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Jonathan
Gould
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Toll Free: (888)
992-0997
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Toll Free: (800)
481-2804
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Email:
media@enbridge.com
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Email:
investor.relations@enbridge.com
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SOURCE Enbridge Inc.