Enbridge will not convert any series 5, 7 or P preferreds on March 1

By Angela McDaniels

Tacoma, Wash., Feb. 15 – Enbridge Inc. said none of three series of its cumulative redeemable preference shares will be converted on March 1.

According to separate news releases, none of the company’s series 5 preference shares will be converted into series 6 preference shares, none of its series 7 preference shares will be converted into series 8 preference shares, and none of its series P preference shares will be converted into series Q preference shares.

Holders had until Feb. 15 to deliver conversion notices. For each series, at least 1 million preference shares had to be tendered in order to effect conversions. This requirement was not met.

Enbridge is an energy infrastructure company based in Calgary, Alta.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.