CALGARY,
AB, May 4, 2022 /PRNewswire/ - Enbridge
Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced
today that it has exercised its right to redeem all of its
outstanding Cumulative Redeemable Preference Shares, Series J
("Series J Shares") (TSX: ENB.PR.U) on June
1, 2022 at a price of US$25.00
per Series J Share, together with all accrued and unpaid dividends,
if any.
Beneficial holders who are not directly the registered holders
of the Series J Shares should contact the financial institution,
broker or other intermediary through which they hold their Series J
Shares to confirm how they will receive their redemption proceeds.
Inquiries from registered shareholders should be directed to
Enbridge's Registrar and Transfer Agent, Computershare Investor
Services Inc., at 1-800-564-6253 (Canada and United
States) or 1-514-982-7555 (Outside North America).
Forward-Looking
Information
Forward-looking information, or forward-looking statements,
have been included in this news release to provide information
about Enbridge and its subsidiaries and affiliates, including
statements regarding the proposed redemption of Enbridge's
outstanding Series J Shares. This information may not be
appropriate for other purposes. Although Enbridge believes these
forward-looking statements are reasonable based on the information
available on the date such statements are made and on processes
used to prepare the information, such statements are not guarantees
of future events and readers are cautioned against placing undue
reliance on forward-looking statements. By their nature, these
statements involve a variety of assumptions, known and unknown
risks and uncertainties and other factors, which may cause events
to differ materially from those expressed or implied by such
statements. Assumptions regarding the expected supply of and demand
for crude oil, natural gas, NGL and renewable energy, and the
prices of these commodities, are material to and underlie all
forward-looking statements, as they may impact current and future
levels of demand for the Company's services. Similarly, energy
transition, including the drivers and pace thereof, the COVID-19
pandemic, exchange rates, inflation and interest rates impact the
economies and business environments in which the Company operates
and may impact levels of demand for the Company's services and cost
of inputs, and are therefore inherent in all forward-looking
statements. Due to the interdependencies and correlation of these
macroeconomic factors, the impact of any one assumption on a
forward-looking statement cannot be determined with
certainty.
Enbridge's forward-looking statements are subject to risks
and uncertainties, including, but not limited to those risks and
uncertainties discussed in this news release and in the Company's
other filings with Canadian and United States securities
regulators. The impact of any one risk, uncertainty or factor on a
particular forward-looking statement is not determinable with
certainty as these are interdependent and Enbridge's future course
of action depends on management's assessment of all information
available at the relevant time. Except to the extent required by
applicable law, Enbridge assumes no obligation to publicly update
or revise any forward-looking statements made in this news release
or otherwise, whether as a result of new information, future events
or otherwise. All subsequent forward-looking statements, whether
written or oral, attributable to Enbridge or persons acting on the
Company's behalf, are expressly qualified in their entirety by
these cautionary statements.
About Enbridge
Inc.
Enbridge Inc. is a leading North American energy
infrastructure company. We safely and reliably deliver the energy
people need and want to fuel quality of life. Our core businesses
include Liquids Pipelines, which transports approximately 30
percent of the crude oil produced in North America; Gas Transmission and Midstream,
which transports approximately 20 percent of the natural gas
consumed in the U.S.; Gas Distribution and Storage, which serves
approximately 3.9 million retail customers in Ontario and Quebec; and Renewable Power Generation, which
generates approximately 1,766 MW (net) in renewable power capacity
in North America and Europe. The Company's common shares trade on
the Toronto and New York stock exchanges under the symbol ENB.
For more information, visit www.enbridge.com.
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SOURCE Enbridge Inc.
