Enbridge will not convert series D preference shares

Chicago, Feb. 14 – Enbridge Inc. will not convert any of its outstanding series D cumulative redeemable preference shares as less than 1 million shares were tendered by the Feb. 14 deadline, according to a press release.

The conversion was conditional on holders of more than 1 million of the shares participating.

The shares would have been converted into series E cumulative redeemable preference shares on March 1.

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

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