Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 53

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 53
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 effect as of the date hereof. This summary is not exhaustive
of all possible Canadian federal income tax considerations applicable to a Non-Resident Holder and does not anticipate any changes in
law or administrative practice, nor does it take into account provincial, territorial or foreign tax considerations, which may differ
significantly from those discussed herein. There can be no assurance that the Proposed Amendments will be enacted as proposed or at all.
Special rules, which are not discussed below, may apply to a Non-Resident Holder that is an insurer which carries on an insurance business
in Canada and elsewhere. This summary assumes that no amount paid or payable to a
Non-Resident Holder will be the deduction component of a “hybrid mismatch arrangement” under which the payment arises within
the meaning of paragraph 18.4(3)(b) of the Tax Act.

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This summary is of a general nature only and is not, and is not intended to be, and should not be construed to be, legal or tax advice to any particular Non-Resident Holder and no representation with respect to the income tax consequences to any particular Non-Resident Holder is made. Prospective purchasers of Notes should consult their own tax advisors with respect to the tax consequences of acquiring, holding and disposing of Notes having regard to their own particular circumstances.

Under the Tax Act, the payment
of interest, principal or premium, if any, to a Non-Resident Holder of a Note by the Corporation will be exempt from Canadian non-resident
withholding tax. No other taxes on income or capital gains will be payable under the Tax Act in respect of the acquisition, holding, redemption
or disposition of a Note by a Non-Resident Holder, or the receipt of interest, principal or premium thereon by a Non-Resident Holder solely
as a consequence of such acquisition, holding, redemption or disposition of a Note.

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Underwriting</div>

Credit Agricole Securities
(USA) Inc., Deutsche Bank Securities Inc., MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc. and Truist Securities, Inc.
are acting as representatives of the underwriters named below.

Subject to the terms and conditions
stated in the underwriting agreement dated the date of this prospectus supplement, each underwriter named below has severally and not
jointly agreed to purchase, and we have agreed to sell to that underwriter,