Key Developments: Enbridge Inc (ENB.N)

ENB.N on New York Stock Exchange

40.12USD
27 Aug 2015
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Latest Key Developments (Source: Significant Developments)

Enbridge Inc announces $200 mln preferred share offering
Thursday, 11 Sep 2014 09:18am EDT 

Enbridge Inc:Entered into an agreement with a group of underwriters to sell eight million Cumulative Redeemable Preference Shares, Series 15 at a price of $25.00 per share for distribution to the public.Closing of the offering is expected on Sept. 23.Holders of Series 15 Preferred Shares will be entitled to receive fixed cumulative dividends at an annual rate of $1.10 per share, payable quarterly on the first day of March, June, Sept. and Dec., as and when declared by the Board of Directors of Enbridge, yielding 4.40 per cent per annum.Proceeds will be used to partially fund capital projects, to reduce existing indebtedness and for other general corporate purposes of the Corporation and its affiliates.Syndicate of underwriters is led by TD Securities Inc., CIBC World Markets, RBC Capital Markets, and Scotiabank.  Full Article

Enbridge Inc reaffirms FY 2014 EPS guidance
Friday, 1 Aug 2014 07:00am EDT 

Enbridge Inc:Says it remains on track to achieve FY 2014 adjusted earnings per share (EPS) guidance range of $1.84 to $2.04.FY 2014 EPS of $1.94 - Thomson Reuters I/B/E/S.  Full Article

Enbridge Inc declares quarterly dividends
Wednesday, 30 Jul 2014 08:30am EDT 

Enbridge Inc:Declares a quarterly dividend of $0.35 per common share.Payable on Sept. 1 to shareholders of record on Aug. 15.  Full Article

Enbridge announces closing of $350 mln preferred share offering
Thursday, 17 Jul 2014 08:12am EDT 

Enbridge Inc:Closes its previously announced public offering of Cumulative Redeemable Preference Shares, Series 13 by a syndicate of underwriters led by CIBC World Markets, RBC Capital Markets, Scotiabank, and TD Securities.Issued 14 mln Series 13 Preferred Shares for gross proceeds of $350 mln.Series 13 Preferred Shares will begin trading on the TSX under the symbol ENB.PF.E.Proceeds to be used to partially fund capital projects, to reduce existing indebtedness and for other general corporate purposes of the Corporation and its affiliates.  Full Article

Enbridge Inc announces preferred share offering
Tuesday, 8 Jul 2014 09:04am EDT 

Enbridge Inc:Entered into an agreement with a group of underwriters to sell 10 million Cumulative Redeemable Preference Shares, Series 13 at a price of $25.00 per share for distribution to the public.Closing of the offering is expected on July 17.The syndicate of underwriters is led by CIBC World Markets, RBC Capital Markets, TD Securities, and Scotiabank.  Full Article

Enbridge Inc announces closing of C$400 mln common equity offering
Tuesday, 24 Jun 2014 08:30am EDT 

Enbridge Inc:Closed public offering of common shares led by RBC Capital Markets and Credit Suisse.Issued 7.86 mln common shares for gross proceeds of about C$400 mln.Proceeds will be used to fund incremental capital recently announced on Line 3 Replacement Program and for general corporate purposes.  Full Article

Enbridge Inc announces executive changes
Wednesday, 18 Jun 2014 04:00pm EDT 

Enbridge Inc:Says J. Richard Bird, Executive Vice President, Chief Financial Officer and Corporate Development, plans to retire by the end of 2014.Upon Bird's retirement, his responsibilities will be split into two separate roles of chief financial officer and chief development officer.Enbridge also announced the appointment of John Whelen as Senior Vice President, Finance and of Vern Yu as Senior Vice President, Corporate Development, both reporting to Bird, effective July 1st, 2014.  Full Article

Enbridge announces closing of $500 mln preferred share offering
Thursday, 22 May 2014 08:35am EDT 

Enbridge Inc:Closes previously announced public offering of Cumulative Redeemable Preference Shares, Series 11 by a syndicate of underwriters led by Scotiabank, CIBC, RBC Capital Markets, and TD Securities.Issued 20 mln Series 11 Preferred Shares for gross proceeds of $500 mln.Proceeds to be used to partially fund capital projects, reduce existing indebtedness and for other general corporate purposes of the corporation and its affiliates.  Full Article

Enbridge increases size of preferred share offering
Monday, 12 May 2014 12:18pm EDT 

Enbridge Inc:Increases offering of Cumulative Redeemable Preference Shares, Series 11, the size of the offering has been increased to 20 mln shares.Aggregate gross proceeds will be C$500 mln.Closing of the offering is expected on May 22.Syndicate of underwriters is led by Scotiabank, CIBC, RBC Capital Markets, and TD Securities.  Full Article

Enbridge Inc reaffirms FY 2014 EPS guidance
Wednesday, 7 May 2014 07:00am EDT 

Enbridge Inc:Says that it is on track to be within FY 2014 adjusted earnings per share (EPS) guidance range of $1.84 to $2.04 per share.FY 2014 EPS of $1.96 - Thomson Reuters I/B/E/S.  Full Article

UPDATE 1-Enbridge mid-month apportionment adds to Canada crude woes

Aug 17 - Canadian pipeline operator Enbridge Inc is rationing space for mid-month on its line 4/67 ex Kerrobert for August, according to a notice to shippers on Monday that was seen by Reuters.

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