Company: ENBSF
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001104659-25-112992
Chunk: 83

Company: ENBRIDGE INC
Filing Date: 2025-11-17
Form: 424B5
Chunk 83
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 any time
or from time to time in one or more series. Before any shares of a series are issued, the board of directors of the Corporation shall
fix the number of shares that will form such series and shall, subject to the limitations set out in the articles of the Corporation,
determine the designation, rights, privileges, restrictions and conditions to be attached to the preference shares of such series, except
that no series shall be granted the right to vote at a general meeting of the shareholders of the Corporation or the right to be convertible
or exchangeable for common shares, directly or indirectly.

For preference shares issued that are to be convertible
into other securities of the Corporation, including other series of preference shares, no amounts will be payable to convert those preference
shares.

Priority

The preference shares of each series shall rank
on parity with the preference shares of every other series with respect to dividends and return of capital and shall be entitled to a
preference over the common shares and over any other shares ranking junior to the preference shares with respect to priority 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