Enbridge Inc. has announced:
that none of Enbridge’s outstanding Cumulative Redeemable Preference Shares, Series H (Series H Shares) will be converted into Cumulative Redeemable Preference Shares, Series I of Enbridge (Series I Shares) on September 1, 2018.
After taking into account all conversion notices received from holders of its outstanding Series H Shares by the August 17, 2018 deadline for the conversion of the Series H Shares into Series I Shares, less than the 1,000,000 Series H Shares required to give effect to conversions into Series I Shares were tendered for conversion.
ENB.PR.H is a FixedReset, 4.00%+212, that commenced trading 2012-3-29 after being announced 2012-3-20. It will reset to 4.376% effective 2018-9-1. The issue is tracked by HIMIPref™ but relegated to the Scraps index on credit concerns.
This entry was posted on Thursday, August 23rd, 2018 at 2:43 pm and is filed under Issue Comments. 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.
ENB.PR.H : No Conversion to FloatingReset
Enbridge Inc. has announced:
ENB.PR.H is a FixedReset, 4.00%+212, that commenced trading 2012-3-29 after being announced 2012-3-20. It will reset to 4.376% effective 2018-9-1. The issue is tracked by HIMIPref™ but relegated to the Scraps index on credit concerns.
This entry was posted on Thursday, August 23rd, 2018 at 2:43 pm and is filed under Issue Comments. 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.