CALGARY, Nov. 2, 2018 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB)
(NYSE: ENB) announced today that the Company has determined to suspend, effective immediately, its dividend reinvestment and
share purchase plan (DRIP) until further notice. As a result, shareholders only receive dividends in cash effective with the
dividend currently scheduled to be paid on December 1, 2018, to shareholders of record on
November 15, 2018. If Enbridge elects to reinstate the DRIP in the future, the shareholders that
were enrolled in the DRIP at suspension and remained enrolled at reinstatement will automatically resume participation in the
DRIP.
The Company has elected to suspend the DRIP at this time given substantial progress on its funding and asset sales plan, which
will allow it to meet any remaining equity requirement for the balance of its currently secured growth program.
FORWARD-LOOKING INFORMATION
Forward-looking information, or forward-looking statements, has been included in this news release to provide
information about the Company and its subsidiaries and affiliates, including management's assessment of Enbridge and its
subsidiaries' future plans and operations. This information may not be appropriate for other purposes. Forward-looking statements
are typically identified by words such as "anticipate", "expect", "project", "estimate", "forecast", "plan", "intend", "target",
"believe", "likely" and similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information
or statements included or incorporated by reference in this document include, but are not limited to, statements with respect to
the following: the Company's expected future cash flows, financial strength and flexibility, equity requirements, funding plans
and asset sales.
Although Enbridge believes these forward-looking statements are reasonable based on the information available on the date
such statements are made and processes used to prepare the information, such statements are not guarantees of future performance
and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve
a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of
activity and achievements to differ materially from those expressed or implied by such statements. Material assumptions include
assumptions about the following: the expected supply of and demand for crude oil, natural gas, natural gas liquids (NGL) and
renewable energy; prices of crude oil, natural gas, NGL and renewable energy; exchange rates; inflation; interest rates;
availability and price of labour and construction materials; operational reliability; customer and regulatory approvals;
maintenance of support and regulatory approvals for the Company's projects; anticipated in-service dates; weather; the timing and
closing of asset sales; governmental legislation; acquisitions and the timing thereof; the success of integration plans; impact
of capital project execution on the Company's future cash flows; credit ratings; capital project funding; and expected future
cash flows. Assumptions regarding the expected supply of and demand for crude oil, natural gas, NGL and renewable energy, and the
prices of these commodities, are material to and underlie all forward-looking statements, as they may impact current and future
levels of demand for the Company's services. Similarly, exchange rates, inflation and interest rates impact the economies and
business environments in which the Company operates and may impact levels of demand for the Company's services and cost of
inputs, and are therefore inherent in all forward-looking statements. Due to the interdependencies and correlation of these
macroeconomic factors, the impact of any one assumption on a forward-looking statement cannot be determined with
certainty.
Enbridge's forward-looking statements are subject to risks and uncertainties pertaining to operating performance,
regulatory parameters, asset sales, dividend policy, project approval and support, renewals of rights of way, weather, economic
and competitive conditions, public opinion, changes in tax laws and tax rates, changes in trade agreements, exchange rates,
interest rates, commodity prices, political decisions and supply of and demand for commodities, including but not limited to
those risks and uncertainties discussed in this news release and in the Company's other filings with Canadian and United States securities regulators. The impact of any one risk, uncertainty or factor on a particular
forward-looking statement is not determinable with certainty as these are interdependent and Enbridge's future course of action
depends on management's assessment of all information available at the relevant time. Except to the extent required by applicable
law, Enbridge assumes no obligation to publicly update or revise any forward-looking statements made in this news release or
otherwise, whether as a result of new information, future events or otherwise. All subsequent forward-looking statements, whether
written or oral, attributable to Enbridge or persons acting on the Company's behalf, are expressly qualified in their entirety by
these cautionary statements.
About Enbridge Inc.
Enbridge Inc. is North America's premier energy infrastructure company with
strategic business platforms that include an extensive network of crude oil, liquids and natural gas pipelines, regulated natural
gas distribution utilities and renewable power generation. The Company safely delivers an average of 2.9 million barrels of crude
oil each day through its Mainline and Express Pipeline; accounts for approximately 62% of U.S.-bound Canadian crude oil exports;
and moves approximately 22% of all natural gas consumed in the U.S., serving key supply basins and demand markets. The Company's
regulated utilities serve approximately 3.7 million retail customers in Ontario, Quebec, and New Brunswick. Enbridge also has interests in more than 1,700
MW of net renewable generating capacity in North America and Europe. The Company has ranked on the Global 100 Most Sustainable Corporations index for the past nine
years; its common shares trade on the Toronto and New York
stock exchanges under the symbol ENB.
Life takes energy and Enbridge exists to fuel people's quality of life. For more information, visit www.enbridge.com.
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SOURCE Enbridge Inc.