CALGARY,
AB, May 17, 2023 /CNW/ - Enbridge Inc.
(TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today
that 1,827,695 of its outstanding Cumulative Redeemable Preference
Shares, Series F (Series F Shares) were tendered for conversion, on
a one-for-one basis, into Cumulative Redeemable Preference Shares,
Series G of Enbridge (Series G Shares), effective on June 1, 2023. As a result, on June 1, 2023, Enbridge will have 18,172,305
Series F Shares and 1,827,695 Series G Shares issued and
outstanding.
The Series F Shares will continue to be listed on the Toronto
Stock Exchange (TSX) under the symbol ENB.PR.F. The TSX has
conditionally approved the listing of the Series G Shares effective
upon conversion. The Series G Shares will begin trading on the TSX
on June 1, 2023, 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 F Shares into Series G Shares on June 1, 2023 and the listing of the Series G
Shares. 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 or 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 two decades of experience in
renewable energy to advance new technologies including wind and
solar power, hydrogen, renewable natural gas and carbon capture and
storage. We're committed to reducing the carbon footprint of the
energy we deliver, and to achieving net zero greenhouse gas
emissions by 2050. Headquartered in Calgary, Alberta,
Enbridge's common shares trade under the symbol ENB on the TSX
and New York Stock Exchange (NYSE). To learn more, visit
us at enbridge.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Media
Toll Free: (888) 992-0997
Email: media@enbridge.com
Investment Community
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com
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SOURCE Enbridge Inc.