Core Insights - Enbridge Inc. is highlighted as a strong growth stock under $50, with a Hold rating from Barclays analyst Theresa Chen and a price target of C$65.00 [1] Group 1: Investment Decisions - Enbridge announced a final investment decision on two Gas Transmission projects, including a commercial agreement for the Algonquin Reliable Affordable Resilient Enhancement project, which is expected to increase deliveries on the Algonquin Gas Transmission pipeline to existing Local Distribution Company customers in the U.S. Northeast [2] - The company also made a final investment decision on the Eiger Express Pipeline through its Matterhorn joint venture, which will have a capacity of up to 2.5 billion cubic feet per day (Bcf/d) from the Permian Basin to the Katy area, targeting the growing U.S. Gulf Coast LNG market [3] Group 2: Company Overview - Enbridge operates in multiple segments, including Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services [3]

Core Viewpoint - Enbridge Inc. will not redeem its Cumulative Redeemable Preference Shares, Series 15 on September 1, 2025, allowing holders to convert their shares into Series 16 Shares under certain conditions [1][2]. Summary by Sections Conversion Rights - Holders of Series 15 Shares can convert their shares into Series 16 Shares on a one-for-one basis on September 1, 2025, unless there are fewer than 1,000,000 Series 15 Shares or Series 16 Shares outstanding after the conversion [1][2]. Dividend Information - The annual dividend rate for Series 15 Shares from September 1, 2025, to September 1, 2030, will be 5.626%, calculated as the five-year Government of Canada bond yield of 2.946% plus 2.68% [3]. - For Series 16 Shares, the quarterly floating rate cumulative preferential cash dividends will start at 1.33882% for the period from September 1, 2025, to December 1, 2025, based on the three-month Government of Canada treasury bill rate [4]. Conversion Period - The conversion period for beneficial holders of Series 15 Shares runs from August 2, 2025, until 5:00 p.m. (EST) on August 18, 2025, and holders are advised to contact their brokers promptly to facilitate the conversion process [5].

Core Viewpoint - Enbridge Inc. will not redeem its Cumulative Redeemable Preference Shares, Series 13 on June 1, 2025, allowing holders to convert their shares into Series 14 Shares under certain conditions [1][2]. Summary by Sections Conversion Rights - Holders of Series 13 Shares can convert their shares into Series 14 Shares on a one-for-one basis on June 1, 2025, unless there are fewer than 1,000,000 Series 13 or Series 14 Shares outstanding [2]. Dividend Information - The annual dividend rate for Series 13 Shares from June 1, 2025, to June 1, 2030, will be 5.395%, based on the five-year Government of Canada bond yield of 2.735% plus an additional 2.66% [3]. - Series 14 Shares will have a floating quarterly dividend rate starting at 1.33841% for the period from June 1, 2025, to September 1, 2025, which is based on the three-month Government of Canada treasury bill rate plus 2.66% [4]. Conversion Period - The conversion period for beneficial holders of Series 13 Shares runs from May 2, 2025, until 5:00 p.m. (EST) on May 20, 2025, and holders are advised to contact their brokers promptly to facilitate the conversion [5].