Ms. Suzanne Wilton reports
ENBRIDGE ANNOUNCES CONVERSION RESULTS FOR SERIES 1 PREFERRED SHARES
None of Enbridge Inc.'s outstanding cumulative redeemable preference shares, Series 1, will be converted into cumulative redeemable preference shares, Series 2, of Enbridge, on June 1, 2018.
After taking into account all conversion notices received from holders of its outstanding Series 1 shares by the May 17, 2018, deadline for the conversion of the Series 1 shares into Series 2 shares, fewer than one million Series 1 shares required to give effect to conversions into Series 2 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 2.8 million barrels of crude oil each day through its Mainline and Express pipeline; accounts for approximately 65 per cent of U.S.-bound Canadian crude oil exports; and moves approximately 20 per cent of all natural gas consumed in the United States, 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 2,500 megawatts of net renewable generating capacity in North America and Europe.
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