08:08:42 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 2,022,213,981
Close 2019-02-19 C$ 47.89
Market Cap C$ 96,843,827,550
Recent Sedar Documents

Enbridge's Westcoast to redeem Series 7, 8 shares

2019-02-19 19:21 ET - News Release

Mr. Jonathan Gould reports

WESTCOAST ENERGY ANNOUNCES REDEMPTION OF CUMULATIVE REDEEMABLE FIRST PREFERRED SHARES, SERIES 7, AND SERIES 8

Westcoast Energy Inc., an indirect subsidiary of Enbridge Inc., intends to exercise its right to redeem all of its outstanding 5.50 per cent cumulative redeemable first preferred shares, Series 7, 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 per cent cumulative redeemable first preferred shares, Series 8, 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 is an indirect subsidiary of Enbridge.

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 three million barrels of crude oil each day through its Mainline and Express pipeline; accounts for approximately 62 per cent of U.S.-bound Canadian crude oil exports; and moves approximately 18 per cent 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 megawatts of net renewable generating capacity in North America and Europe.

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