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On Tuesday, shares of Enbridge Inc’s Cumulative Redeemable Preference Shares, Series N (TSX: ENB-PRN.TO) yielded over 7% based on an annualized dividend of $1.2715, trading as low as $18.05. The shares are currently at a 26.44% discount to their liquidation preference amount.
As of the last close, ENB-PRN shares were up approximately 0.4% for the day, while common shares (TSX: ENB.TO) had decreased by about 1.4%.
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