{"id":50943,"date":"2019-11-19T21:22:00","date_gmt":"2019-11-20T02:22:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50943"},"modified":"2025-11-24T21:23:53","modified_gmt":"2025-11-25T02:23:53","slug":"enb-pf-a-no-conversion-to-floatingreset","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50943","title":{"rendered":"ENB.PF.A : No Conversion To FloatingReset"},"content":{"rendered":"<p>Enbridge Inc. <a href=\"https:\/\/www.enbridge.com\/media-center\/news\/details?id=123598&amp;lang=en\">has announced<\/a> (on November 18):<\/p>\n<blockquote>\n<p> that none of its outstanding Cumulative Redeemable Preference Shares, Series 9 (Series 9 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 10 of Enbridge (Series 10 Shares) on December 1, 2019.<\/p>\n<p>After taking into account all conversion notices received from holders of its outstanding Series 9 Shares by the November 18, 2019 deadline for the conversion of the Series 9 Shares into Series 10 Shares, less than the 1,000,000 Series 9 Shares required to give effect to conversions into Series 10 Shares were tendered for conversion.<\/p>\n<\/blockquote>\n<p>ENB.PF.A is a FixedReset, 4.40%+266, that <a href=\"https:\/\/prefblog.com\/?p=24667\">commenced trading 2014-3-13<\/a> after being <a href=\"https:\/\/prefblog.com\/?p=24576\">announced 2014-3-4<\/a>. It <a href=\"https:\/\/prefblog.com\/?p=39714\">reset to 4.097%<\/a> effective 2019-12-1. The issue is tracked by HIMIPref&trade; but is relegated to the Scraps &#8211; FixedReset (Discount) subindex on credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enbridge Inc. has announced (on November 18): that none of its outstanding Cumulative Redeemable Preference Shares, Series 9 (Series 9 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 10 of Enbridge (Series 10 &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-50943","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50943","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=50943"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50943\/revisions"}],"predecessor-version":[{"id":50944,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50943\/revisions\/50944"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}