Enbridge Inc. has announced:
that none of Enbridge’s outstanding Cumulative Redeemable Preference Shares, Series 5 (Series 5 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 6 of Enbridge (Series 6 Shares) on March 1, 2019.
After taking into account all conversion notices received from holders of its outstanding Series 5 Shares by the February 14, 2019 deadline for the conversion of the Series 5 Shares into Series 6 Shares, less than the 1,000,000 Series 5 Shares required to give effect to conversions into Series 6 Shares were tendered for conversion.
ENB.PF.V is a US-Pay FixedReset, 4.40%+282, that commenced trading 2013-9-27 after being announced 2013-9-19. It will reset to 5.3753% effective 2019-3-1. The issue is not tracked by HIMIPref™.
This entry was posted on Friday, February 15th, 2019 at 10:34 pm and is filed under Issue Comments, US Pay. You can follow any responses to this entry through the RSS 2.0 feed.
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ENB.PF.V : No Conversion to FloatingReset
Enbridge Inc. has announced:
ENB.PF.V is a US-Pay FixedReset, 4.40%+282, that commenced trading 2013-9-27 after being announced 2013-9-19. It will reset to 5.3753% effective 2019-3-1. The issue is not tracked by HIMIPref™.
This entry was posted on Friday, February 15th, 2019 at 10:34 pm and is filed under Issue Comments, US Pay. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.