Canada’s Enbridge has announced that more than 2.3 million of its outstanding cumulative redeemable preference shares, Series H, were tendered for conversion, on a one-for-one basis, into cumulative redeemable preference shares, Series I, of Enbridge, effective on Sept. 1.
As a result, on Sept. 1, Enbridge will have more than 11.6 million Series H shares and more than 2.3 million Series I shares issued and outstanding, according to an Aug. 17 statement released by the company.
The Series H Shares will continue to be listed on the Toronto Stock Exchange (TSX) under the symbol ENB.PR.H. TSX has conditionally approved the listing of the Series I shares effective upon conversion. The Series I Shares will begin trading on the TSX on Sept. 1, subject to the fulfillment of all the listing requirements of the exchange, the company said.
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