Prospectus excerpt: Enbridge Inc. (the “Corporation”) is hereby qualifying the distribution (the “Offering”) of 16,000,000 cumulative redeemable preference shares, Series R (“Series R Shares”) of the Corporation at a price of $25.00 per Series R Share. See “Details of the Offering” and “Plan of Distribution”.
The holders of Series R Shares will be entitled to receive, as and when declared by the board of directors of the Corporation (the “Board”) out of moneys of the Corporation properly applicable to the payment of dividends, fixed, cumulative, preferential cash dividends for the initial period fromand including the date of issue of the Series R Shares to but excluding June 1, 2019 (the “Initial Fixed Rate Period”), at an annual rate of $1.00 per Series R Share, payable quarterly on the first day ofMarch, June, September andDecember in each year (less any tax required to be deducted and withheld by the Corporation). If any such date is not a business day, the dividend will be paid on the next succeeding business day. Assuming an issue date of December 5, 2012, the first dividend, if declared, will be payable March 1, 2013 in the amount of $0.2356 per Series R Share.