Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 85

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 85
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 in payment
of dividends and in the distribution of assets in the event of liquidation, dissolution or winding-up of the Corporation, whether
voluntary or involuntary, or any other distribution of the assets of the Corporation among its shareholders for the purpose of winding-up its
affairs.

Voting Rights

Except as required by law, holders of the preference
shares as a class shall not be entitled to receive notice of, to attend or to vote at any meeting of the shareholders of the Corporation,
provided that the rights, privileges, restrictions and conditions attached to the preference shares as a class may be added to, changed
or removed only with the approval of the holders of the preference shares given in such manner as may then be required by law, at a meeting
of the holders of the preference shares duly called for that purpose.

<div align='center'>9

Material Income Tax Considerations</div>

The applicable Prospectus Supplement will describe
material Canadian federal income tax consequences to an investor of acquiring any Securities offered thereunder, if applicable, including
whether the payments of dividends on common shares or preference shares or payments of principal, premium, if any, and interest on debt
securities payable to a non-resident of Canada will be subject to Canadian non-resident withholding tax.

The applicable Prospectus Supplement will also
describe material United States federal income tax consequences of the acquisition, ownership and disposition of any Securities offered
thereunder by an initial investor who is a United States person (within the meaning of the United States Internal Revenue Code), including,
to the extent applicable, any such material consequences relating to debt securities payable in a currency other than the U.S. dollar,
issued at an original issue discount for United States federal income tax purposes or containing early redemption provisions or other
special items.

<div align='center'>Plan of Distribution</div>

The Corporation may sell the Securities to or through
underwriters, agents or dealers and also may sell the Securities directly to purchasers pursuant to applicable statutory exemptions or
through agents.

The distribution of the Securities may be effected
from time to time in one or more transactions at a fixed price or prices, which may be changed, at market prices prevailing at the time
of sale, or at prices related to such prevailing market prices to be negotiated with purchasers.

The Prospectus Supplement relating to each series
of the Securities will also set forth the terms of the offering of the Securities, including to the extent applicable, the initial offering
price, the proceeds to the Corporation, the underwriting concessions or