Union Gas Limited Announces Redemption of Cumulative Redeemable Convertible Class B Preferred Shares, Series 10
CHATHAM, ON Oct. 30, 2018 – Union Gas Limited announced today that it will exercise its right to redeem all of its 4,000,000 outstanding 4.88% Cumulative Redeemable Convertible Class B Preferred Shares, Series 10 (the "Series 10 Shares") on Nov. 29, 2018 at the price of $25.00 per Series 10 Share plus $0.126 per share in accrued and unpaid dividends for the period Oct. 1, 2018 to Nov. 29, 2018, for an aggregate total of approximately $100,504,000.
Beneficial holders who are not directly the registered holder of the Series 10 Shares should contact the financial institution, broker or other intermediary through which they hold these shares to confirm how they will receive their redemption proceeds. Enquiries should be directed to Amy McGregor, Senior Law Clerk, at 416-485-5936.
About Union Gas
Union Gas Limited is a major Canadian natural gas storage, transmission and distribution company based in Ontario with over 100 years of experience and service to customers. The distribution business serves about 1.5 million residential, commercial and industrial customers in more than 400 communities across Ontario. Union Gas' storage and transmission business offers a variety of storage and transportation services to customers at the Dawn Hub, the largest integrated underground storage facility in Canada and one of the largest in North America. Union Gas, an Enbridge Company-one of Canada's Top 100 Employers for 2018-has assets of $8.9 billion and approximately 2,300 employees. For more information, visit uniongas.com or find us on Facebook, LinkedIn, Twitter and YouTube.
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