Normal Course Issuer Bid (NCIB) Execution In April 2023, Enbridge repurchased and cancelled approximately 0.5 million of its common shares equating to approximately $25 million as part of its 2023 NCIB program.
Enbridge's NCIB program commenced on January 6, 2023 and expires on the earlier of January 5, 2024 or when the Company reaches the approved share repurchase limit of 27,938,163 common shares to an aggregate amount of up to $1.5 billion.
Enbridge will continue to evaluate opportunities to repurchase shares pursuant to the Company's NCIB program predicated upon maintaining a strong balance sheet, strong business performance, and evaluated against the availability and attractiveness of alternative capital investment opportunities.