U.S. Internal Revenue Code Section 6045B Reporting
Effective January 1, 2011, issuers of corporate stock must begin reporting corporate actions that affect the stock basis, including but not limited to mergers, stock splits, stock dividends, recapitalizations and distributions in excess of cumulative earnings and profits. The following information is intended to meet the requirements of public disclosure pursuant to Treasury Regulation Section 1.6045B-1(a)(3) and (b)(4) for Enbridge Inc.
Enbridge Inc. Debt for Debt Exchange with Enbridge Income Fund – December 20, 2018
Please download Form 8937, Report of Organizational Actions Affecting Basis of Securities, and related attachment for details about Enbridge Inc.’s recent debt exchange with Enbridge Income Fund. The effect of this exchange is that Enbridge Income Fund debt as described is no longer publicly traded.
Enbridge Inc. merger With Enbridge Energy Management, L.L.C. – December 20, 2018
Please download Form 8937, Report of Organizational Actions Affecting Basis of Securities, and related attachment for details about Enbridge Inc.’s merger with Enbridge Energy Management, L.L.C. The effect of this merger is that common shares of Enbridge Energy Management are no longer publicly traded.
Enbridge Inc. Arrangement With Enbridge Income Fund Holdings Inc. – November 8, 2018
Please download Form 8937, Report of Organizational Actions Affecting Basis of Securities, and related attachment for details about Enbridge Inc.’s arrangement with Enbridge Income Fund Holdings Inc. The effect of this arrangement is that common shares of Enbridge Income Fund Holdings are no longer publicly traded.
Enbridge Inc. Merger With Spectra Energy Corp – February 27, 2017
Please download Form 8937, Report of Organizational Actions Affecting Basis of Securities, and related attachment for details about Enbridge Inc.’s merger with Spectra Energy Corp. The effect of this merger is that common shares of Spectra Energy Corp are no longer publicly traded.
Enbridge Inc. Stock Split – May 25, 2011
On May 25, 2011 Enbridge Inc. completed a two-for-one share split of the company’s Common Shares.
Reporting Issuer: Enbridge Inc.
EIN: 98-0377957
Security Identifiers: CUSIP: 29250N105
Symbol: ENB
Exchange: NYSE, TSX
Security: Common Stock
Contact at Issuer: Non-registered ("street name") shareholders should contact their brokerage firm directly for inquiries pertaining to their account. Registered shareholders should contact the Transfer Agent for Enbridge Inc. or Investor Relations for inquiries pertaining to their account.
Registrar and Transfer Agent in Canada
IMPORTANT NOTICE
Shareholder and issuer information is now located on the Computershare Trust Company of Canada website at www.computershare.com/enbridge.
Computershare Trust Company of Canada
100 University Avenue,
8th Floor
Toronto, Ontario M5J 2Y1
Toll free: 1-866-276-9479 or 1-(514) 982-8696
Investor Relations Inquiries
Enbridge Inc.
200, 425 – 1st Street S.W.
Calgary, Alberta, Canada T2P 3L8
Telephone: (403) 231-3900
Toll-free: (800) 481-2804
Facsimile: (403) 231-3920
Email: investor.relations@enbridge.com
Action: Enbridge Inc. common shareholders approved a two-for-one stock split at the Company’s Annual and Special Meeting of Shareholders on May 11, 2011. The two-for-one split was effected by a distribution of one common share for each common share outstanding. Distribution dates were as follows:
| TSX | NYSE | |
|---|---|---|
| Effective Date: | May 20, 2011 | June 1, 2011 |
| Record Date: | May 25, 2011 | May 25, 2011 |
| Declaration Date: | May 11, 2011 | May 11, 2011 |
Effect of the action: The share split is a nontaxable event to the shareholder pursuant to Internal Revenue Code Section 305(a), which states that distributions of a corporation's own stock made with respect to its stock are not taxable to a shareholder. However, pursuant to Internal Revenue Code Section 307(a), the shareholder must compute basis for the split shares received by allocating the basis for the old stock between the old and new stock.
On May 25th Enbridge Inc. shareholders received on additional share for each share they owned. Each shareholder's existing tax basis in their shares must now be spread over twice the number of shares: or put another way each shareholder’s existing tax basis per share prior to the stock split is reduced by half.
