Preferred Stock Channel
Enbridge Inc | 5.50% Cumulative Redeemable Preference Shares, Series A (ENB.PRA.CA)

Prospectus excerpt:  The Cumulative Redeemable Preference Shares, Series A (the “Series A Preferred Shares”) of Enbridge Inc. (“Enbridge” or the “Corporation”) will be entitled to fixed cumulative preferential cash dividends, as and when declared by the board of directors of the Corporation, at a rate of $1.375 per Series A Preferred Share per annum ($0.34375 per Series A Preferred Share per quarter), payable quarterly commencing March 1, 1999. Assuming an issue date of December 1, 1998, the first dividend, if declared, will be payable on March 1, 1999 in the amount of $0.34375 per Series A Preferred Share.

The Corporation may redeem, on not more than 60 days’ and not less than 30 days’ prior notice, at any time on or after December 1, 2003, the whole or any part of the then outstanding Series A Preferred Shares at $26.00 per Series A Preferred Share, if redeemed on or prior to December 1, 2004; at $25.75 per share if redeemed after December 1, 2004 and on or prior to December 1, 2005; at $25.50 per share if redeemed after December 1, 2005 and on or prior to December 1, 2006; at $25.25 per share if redeemed after December 1, 2006 and on or prior to December 1, 2007; and at $25.00 per share if redeemed after December 1, 2007, in each case together with accrued and unpaid dividends up to but excluding the date fixed for redemption.

Full Prospectus PDF », ENB.CA Page »

Series:A
Alternate symbology:ENB-A.CA, ENB-PA.CA, ENBprA.CA
Redeemable?:Yes
Call Date:12/1/2007 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:5000000
Liquidation Preference:$25
Recent Market Price:$21.02
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-3.98 (-15.92%)
Annualized Dividend:1.375
Recent Ex-Date:2/14/2024
Current Yield:6.54%
Original Coupon:5.50%
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
CDx3 Compliance Rating: Learn ENB.PRA.CA's Rating
Enbridge is an energy transportation and distribution company. Co. conducts its business through five business segments: Liquids Pipelines, which consists of pipelines and related terminals in that transport various grades of crude oil and other liquid hydrocarbons; Gas Transmission and Midstream, which consists of investments in natural gas pipelines and gathering and processing facilities; Gas Distribution and Storage, which consists of Co.'s natural gas utility operations; Renewable Power Generation, which consists primarily of investments in wind and solar power generating assets; and Energy Services, which undertake physical commodity marketing activity and logistical services.

Preferreds: ENB.PRA.CA, ENB.PRB.CA, ENB.PRD.CA, ENB.PRF.CA, ENB.PRH.CA, ENB.PRV.CA, ENB.PRY.CA, ENB.PRN.CA, ENB.PRP.CA, ENB.PRT.CA, ENB.PFU.CA, ENB.PRU.CA


Open the ENB.CA Information Page »
Name:  Enbridge Inc
Website:  www.enbridge.com
Sector:  Oil & Gas Equipment & Services

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