Enbridge Inc. has announced (on May 19):
that none of its outstanding Cumulative Redeemable Preference Shares, Series 13 (Series 13 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 14 of Enbridge (Series 14 Shares) on June 1, 2020.
After taking into account all conversion notices received from holders of its outstanding Series 13 Shares by the May 19, 2020 deadline for the conversion of the Series 13 Shares into Series 14 Shares, less than the 1,000,000 Series 13 Shares required to give effect to conversions into Series 14 Shares were tendered for conversion.
ENB.PR.E is a FixedReset, 4.40%+266, that commenced trading 2014-7-17 after being announced 2014-7-8. The issue reset to 3.043% effective 2020-6-1. It is tracked by HIMIPref™ and has been assigned to the Scraps – FixedReset (Discount) subindex on credit concerns.
This entry was posted on Monday, June 1st, 2020 at 9:37 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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ENB.PF.E : No Conversion To FloatingReset
Enbridge Inc. has announced (on May 19):
ENB.PR.E is a FixedReset, 4.40%+266, that commenced trading 2014-7-17 after being announced 2014-7-8. The issue reset to 3.043% effective 2020-6-1. It is tracked by HIMIPref™ and has been assigned to the Scraps – FixedReset (Discount) subindex on credit concerns.
This entry was posted on Monday, June 1st, 2020 at 9:37 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.