{"id":50341,"date":"2019-05-21T11:48:00","date_gmt":"2019-05-21T15:48:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50341"},"modified":"2025-10-16T11:50:12","modified_gmt":"2025-10-16T15:50:12","slug":"enb-pr-t-no-conversion-to-floatingreset","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50341","title":{"rendered":"ENB.PR.T : No Conversion to FloatingReset"},"content":{"rendered":"<p>Enbridge Inc. <a href=\"https:\/\/www.enbridge.com\/media-center\/news\/details?id=123574&amp;lang=en\">has announced<\/a> (on May 17):<\/p>\n<blockquote>\n<p>that none of Enbridge&#8217;s outstanding Cumulative Redeemable Preference Shares, Series R (Series R Shares) will be converted into Cumulative Redeemable Preference Shares, Series S of Enbridge (Series S Shares) on June 1, 2019.<\/p>\n<p>After taking into account all conversion notices received from holders of its outstanding Series R Shares by the May 17, 2019 deadline for the conversion of the Series R Shares into Series S Shares, less than the 1,000,000 Series R Shares required to give effect to conversions into Series S Shares were tendered for conversion.<\/p>\n<\/blockquote>\n<p>ENB.PR.T is a FixedReset, 4.00%+250, that <a href=\"https:\/\/prefblog.com\/?p=20479\">commenced trading 2012-12-5<\/a> after being <a href=\"http:\/\/www.prefblog.com\/?p=20385\">announced 2012-11-26<\/a>. It <a href=\"https:\/\/prefblog.com\/?p=38690\">will reset At 4.073%<\/a> effective June 1, 2019.  I <a href=\"https:\/\/prefblog.com\/?p=38747\">recommended against conversion<\/a>. It is tracked by HIMIPref&trade; but relegated to the Scraps &#8211; FixedReset (Discount) subindex on credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enbridge Inc. has announced (on May 17): that none of Enbridge&#8217;s outstanding Cumulative Redeemable Preference Shares, Series R (Series R Shares) will be converted into Cumulative Redeemable Preference Shares, Series S of Enbridge (Series S &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-50341","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50341"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50341\/revisions"}],"predecessor-version":[{"id":50342,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50341\/revisions\/50342"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}