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Enbridge Closes $200 Million Preferred Share Sale

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September 27, 2013

Enbridge Inc. (NYSE: ENB; TO: ENB) closed its public offering of 8 million cumulative redeemable preference shares, series 5, at US $25 per share for distribution to the public.

Enbridge granted the underwriters an option, exercisable at any time up to 48 hours prior to the closing of the offering, to purchase up to an additional 2 million series 5 preferred shares.

The holders of series 5 preferred shares will be entitled to receive fixed cumulative dividends at an annual rate of $1.10 per share, payable quarterly on the first ...

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