Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 49

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 49
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 of a general nature only and is not intended to be, and should not be construed to be, legal or tax advice to any particular holder, and no representation is made with respect to the United States federal tax consequences or Canadian tax consequences to any particular holder. Accordingly, prospective purchasers are urged to consult their own tax advisors with respect to the United States federal tax consequences or Canadian tax consequences relevant to them, having regard to their particular circumstances.

Material United States Federal Income Tax Considerations

This section describes the
material United States federal income tax consequences of owning and disposing of the Notes we are offering. It applies only to holders
who acquire Notes of a series in the offering at the offering price for the Notes of that series and who hold their Notes as capital assets
for United States federal income tax purposes. This section does not apply to members of a class of holders subject to special rules,
such as a broker-dealer in securities, commodities, or currencies, a governmental organization, a trader in securities that elects to
use a mark-to-market method of accounting, a bank, thrift or other financial institution, a life insurance company, a tax-exempt organization,
a real estate investment trust, a regulated investment company, a foreign person or entity, an insurance company, a person that owns Notes
that are a hedge or that are hedged against interest rate risks, a person that owns Notes as part of a “straddle”, “constructive
sale”, “hedge” or “conversion transaction” for United States federal income tax purposes, a person that
purchases or sells Notes as part of a wash sale for United States federal income tax purposes, a tax deferred or other retirement account,
a person holding Notes that are a hedge or that are hedged against interest rate risks, a partnership, S corporation or other pass-through
entity, or a person whose functional currency for tax purposes is not the United States dollar. This section addresses only certain U.S.
federal income tax consequences and does not address any state, local or non-U.S. tax consequences, or any tax consequences arising under
the Medicare contribution tax on net investment income or the estate, gift or alternative minimum tax provisions of the Internal Revenue Code of 1986, as amended (the “Code”). If Notes of a series are purchased at a price other than the offering price for the
Notes of that series, the amortizable bond premium or market discount rules may also apply. Holders should consult their own tax
advisor regarding this possibility.

This section is