In trading on Monday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series F (Toronto: ENB-PRF) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.00), with shares changing hands as low as $15.31 on the day. As of last close, ENB.PRF was trading at a 38.28% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.
In trading on Monday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series F (Toronto: ENB-PRF) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.00), with shares changing hands as low as $15.31 on the day. As of last close, ENB.PRF was trading at a 38.28% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.
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