Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 28

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 28
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 %$1.48440$25September 1, 2029Series 3Preference Shares, Series 5116.68 %US$1.67076US$25March 1, 2029Series 6Preference Shares, Series 7125.99 %$1.49700$25March 1, 2029Series 8Preference Shares, Series 9135.67 %$1.41800$25December 1, 2029Series 10Preference Shares, Series 113.94 %$0.98452$25March 1, 2025Series 12Preference Shares, Series 133.04 %$0.76076$25June 1, 2025Series 14Preference Shares, Series 152.98 %$0.74576$25September 1, 2025Series 16Preference Shares, Series 196.21 %$1.55300$25March 1, 2028Series 20

1The holder is entitled to receive a fixed cumulative quarterly preferential dividend, as declared by the Board of Directors. With the exception of Preference Shares, Series A, such fixed dividend rate resets every five years beginning on the initial Redemption and Conversion Option Date. Preference Shares, Series G, Series I and Series 4 contain a feature where the dividend rate resets on a quarterly basis. These Dividend Rates are presented in the table above on an annualized basis using the most recent quarterly dividend rate reset. The Preference Shares, Series 19 contain a feature where the fixed dividend rate, when reset every five years, will not be less than 4.90%. No other series of preference shares has this feature.

2Preference Shares, Series A may be redeemed any time at our option. For all other series of preference shares, we may at our option, redeem all or a portion of the outstanding preference shares for the Per Share Base Redemption Value plus all accrued and unpaid dividends on the Redemption Option Date and on every fifth anniversary thereafter.

3The holder will have the right, subject to certain conditions, to convert their shares into Cumulative Redeemable Preference Shares of a specified series on a one-for-one basis on the Conversion Option Date and every fifth anniversary thereafter at an ascribed issue price equal to the Per Share Base Redemption Value.

87

4With the exception of Preference Shares, Series A, after the Redemption and Conversion Option Date, holders may elect to receive quarterly floating rate cumulative dividends per