HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 30.Jan.2025) — Enbridge Inc. doesn’t intend to exercise its right to redeem its currently outstanding cumulative redeemable preference shares, Series 11, on 1 Mar. 2025.
As such, subject to certain conditions, the holders of the Series 11 shares have the right to convert all or part of their Series 11 shares on a 1-for-1 basis into cumulative redeemable preference shares, Series 12 of Enbridge on 1 Mar. 2025, the company announced 30 Jan. 2025 in an official statement.
Holders who do not exercise their right to convert their Series 11 shares into Series 12 shares will retain their Series 11 shares, Enbridge said.
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By Ofelia Paredes reporting from Houston. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.