Enhanced Investments - Financial Portal

Published: 2022-02-11

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FORM 13-501F1

CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS

–

PARTICIPATION FEE

MANAGEMENT CERTIFICATION

I, Max Chan

, an officer of the reporting issuer noted below have examined this Form 13-501F1 (the Form)

being submitted hereunder to the Alberta Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate.

(s)

“Max Chan”

February 11, 2022

Name: Max Chan

Date:

Title: Vice President, Treasury & Enterprise Risk

Reporting Issuer Name:

Enbridge Inc.

End date of previous financial year:

December 31, 2021

Type of Reporting Issuer:

 Class 1 reporting issuer

 Class 3B reporting issuer

Highest Trading Marketplace:

Toronto Stock Exchange

Market value of listed or quoted securities:

Equity Symbol

ENB

1st Specified Trading Period (dd/mm/yy)

Jan 1, 2021 To

Mar 31, 2021

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace

45.78

(i)

Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period

2,023,000,000

(ii)

Market value of class or series

(i) x (ii)

92,612,940,000

(A)

2nd Specified Trading Period (dd/mm/yy)

Apr 1, 2021

Jun 30, 2021

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace

49.64

(iii)

Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period

2,026,000,00

(iv)

Market value of class or series

(iii) x (iv)

100,570,640,000

(B)

3rd Specified Trading Period (dd/mm/yy)

Jul 1, 2021

Sep 30, 2021

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace

50.46

(v)

Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period

2,026,000,000

(vi)

Market value of class or series

(v) x (vi)

102,231,960,000

(C)

4th Specified Trading Period (dd/mm/yy)

Oct 1, 2021

Dec 31, 2021

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace

49.41

(vii)

Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period

2,025,000,000

(viii)

Market value of class or series

(vii) x (viii)

100,055,250,000

(D)

5th Specified Trading Period (dd/mm/yy)

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace

(ix)

Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period

(x)

Market value of class or series

(ix) x (x)

(E)

Average Market Value of Class or Series (Calculate the simple average of the market value of the class or series of security for each applicable specified trading period (i.e. A through E above))

98,867,697,500

(1)

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

36,785,215,331 (Includes Pref)

Fair value of outstanding debt securities:

(2)

(Provide details of how value was determined)




Capitalization for the previous financial year	(1) + (2)	$	135,652,912,831


Participation Fee		$		48,000


Late Fee, if applicable		$


Total Fee Payable		$		48,000
(Participation Fee plus Late Fee)

Enbridge Inc.Participation Fee CalculationAs at December 31, 2021
Common Equity
Date	Adjusted Close	Shares Outstanding	Market Value
1/29/2021				42.96	$
2/26/2021				42.98	$
3/31/2021				45.78	$				2,023,000,000		92,612,940,000.00		$
4/30/2021				47.41	$
5/31/2021				45.90	$
6/30/2021				49.64	$				2,026,000,000		100,570,640,000.00		$
7/30/2021				49.11	$
8/31/2021				49.65	$
9/30/2021				50.46	$				2,026,000,000		102,231,960,000.00		$
10/29/2021				51.84	$
11/30/2021				47.93	$
12/31/2021				49.41	$				2,025,000,000		100,055,250,000.00		$
Average Market Value			98,867,697,500.00			$
Preferred Shares	Close	Shares Outstanding	Market Value
Series A - March 31, 2021				25.23	$				5,000,000					126,150,000	$
Series A - June 30, 2021				25.55	$				5,000,000					127,750,000	$
Series A - September 30, 2021				25.51	$				5,000,000					127,550,000	$
Series A - December 31, 2021				25.49	$				5,000,000					127,450,000	$
Series A - Average							127,225,000	$
Series B - March 31, 2021				15.68	$				18,269,812					286,470,652	$
Series B - June 30, 2021				17.34	$				18,269,812					316,798,540	$
Series B - September 30, 2021				17.80	$				18,269,812					325,202,654	$
Series B - December 31, 2021				18.95	$				18,269,812					346,212,937	$
Series B - Average							318,671,196	$
Series C - March 31, 2021				15.34	$				1,730,188					26,541,084	$
Series C - June 30, 2021				17.05	$				1,730,188					29,499,705	$
Series C - September 30, 2021				17.20	$				1,730,188					29,759,234	$
Series C - December 31, 2021				18.75	$				1,730,188					32,441,025	$
Series C - Average							29,560,262	$
Series D - March 31, 2021				16.64	$				18,000,000					299,520,000	$
Series D - June 30, 2021				18.18	$				18,000,000					327,240,000	$
Series D - September 30, 2021				18.44	$				18,000,000					331,920,000	$
Series D - December 31, 2021				19.91	$				18,000,000					358,380,000	$
Series D - Average							329,265,000	$
Series F - March 31, 2021				17.27	$				20,000,000					345,400,000	$
Series F - June 30, 2021				18.92	$				20,000,000					378,400,000	$
Series F - September 30, 2021				19.98	$				20,000,000					399,600,000	$
Series F - December 31, 2021				20.67	$				20,000,000					413,400,000	$
Series F - Average							384,200,000	$
Series H - March 31, 2021				16.22	$				14,000,000					227,080,000	$
Series H - June 30, 2021				17.43	$				14,000,000					244,020,000	$
Series H - September 30, 2021				17.80	$				14,000,000					249,200,000	$
Series H - December 31, 2021				19.20	$				14,000,000					268,800,000	$
Series H - Average							247,275,000	$
Series J - March 31, 2021 - USD				18.60	$				8,000,000					148,800,000	$	187,964,160	$	CAD Conversion
Series J - June 30, 2021 - USD				21.23	$				8,000,000					169,840,000	$	214,541,888	$	CAD Conversion
Series J - September 30, 2021 - USD				20.70	$				8,000,000					165,600,000	$	209,185,920	$	CAD Conversion
Series J - December 31, 2021 - USD				21.50	$				8,000,000					172,000,000	$	217,270,400	$	CAD Conversion
Series J - Average							164,060,000	$		207,240,592	$	CAD Conversion
Series L - March 31, 2021 - USD				19.13	$				16,000,000					306,080,000	$	386,640,256	$	CAD Conversion
Series L - June 30, 2021 - USD				21.34	$				16,000,000					341,440,000	$	431,307,008	$	CAD Conversion
Series L - September 30, 2021 - USD				21.07	$				16,000,000					337,120,000	$	425,849,984	$	CAD Conversion
Series L - December 31, 2021 - USD				21.76	$				16,000,000					348,160,000	$	439,795,712	$	CAD Conversion
Series L - Average							333,200,000	$		420,898,240	$	CAD Conversion
Series N - March 31, 2021				18.70	$				18,000,000					336,600,000	$
Series N - June 30, 2021				20.22	$				18,000,000					363,960,000	$
Series N - September 30, 2021				20.73	$				18,000,000					373,140,000	$
Series N - December 31, 2021				21.54	$				18,000,000					387,720,000	$
Series N - Average							365,355,000	$
Series P - March 31, 2021				17.12	$				16,000,000					273,920,000	$
Series P - June 30, 2021				18.57	$				16,000,000					297,120,000	$
Series P - September 30, 2021				19.15	$				16,000,000					306,400,000	$
Series P - December 31, 2021				19.85	$				16,000,000					317,600,000	$
Series P - Average							298,760,000	$

Series R - March 31, 2021	16.93	$	16,000,000				270,880,000	$
Series R - June 30, 2021	18.27	$	16,000,000				292,320,000	$
Series R - September 30, 2021	18.91	$	16,000,000				302,560,000	$
Series R - December 31, 2021	19.60	$	16,000,000				313,600,000	$
Series R - Average				294,840,000	$
Series 1 - March 31, 2021 - USD	19.92	$	16,000,000				318,720,000	$	402,607,104	$	CAD Conversion
Series 1 - June 30, 2021 - USD	22.80	$	16,000,000				364,800,000	$	460,815,360	$	CAD Conversion
Series 1 - September 30, 2021 - USD	22.61	$	16,000,000				361,760,000	$	456,975,232	$	CAD Conversion
Series 1 - December 31, 2021 - USD	23.50	$	16,000,000				376,000,000	$	474,963,200	$	CAD Conversion
Series 1 - Average				355,320,000	$	448,840,224	$	CAD Conversion
Series 3 - March 31, 2021	16.45	$	24,000,000				394,800,000	$
Series 3 - June 30, 2021	17.66	$	24,000,000				423,840,000	$
Series 3 - September 30, 2021	17.98	$	24,000,000				431,520,000	$
Series 3 - December 31, 2021	19.04	$	24,000,000				456,960,000	$
Series 3 - Average				426,780,000	$
Series 5 - March 31, 2021 - USD	19.10	$	8,000,000						152,800,000	$	193,016,960	$	CAD Conversion
Series 5 - June 30, 2021 - USD	21.50	$	8,000,000						172,000,000	$	217,270,400	$	CAD Conversion
Series 5 - September 30, 2021 - USD	22.00	$	8,000,000						176,000,000	$	222,323,200	$	CAD Conversion
Series 5 - December 31, 2021 - USD	21.85	$	8,000,000						174,800,000	$	220,807,360	$	CAD Conversion
Series 5 - Average				168,900,000	$	213,354,480	$	CAD Conversion
Series 7 - March 31, 2021	17.35	$	10,000,000				173,500,000	$
Series 7 - June 30, 2021	18.89	$	10,000,000				188,900,000	$
Series 7 - September 30, 2021	19.45	$	10,000,000				194,500,000	$
Series 7 - December 31, 2021	20.35	$	10,000,000				203,500,000	$
Series 7 - Average				190,100,000	$
Series 9 - March 31, 2021	17.40	$	11,000,000				191,400,000	$
Series 9 - June 30, 2021	19.31	$	11,000,000				212,410,000	$
Series 9 - September 30, 2021	19.61	$	11,000,000				215,710,000	$
Series 9 - December 31, 2021	20.38	$	11,000,000				224,180,000	$
Series 9 - Average				210,925,000	$
Series 11 - March 31, 2021	17.61	$	20,000,000				352,200,000	$
Series 11 - June 30, 2021	18.76	$	20,000,000				375,200,000	$
Series 11 - September 30, 2021	19.38	$	20,000,000				387,600,000	$
Series 11 - December 31, 2021	20.14	$	20,000,000				402,800,000	$
Series 11 - Average				379,450,000	$
Series 13 - March 31, 2021	16.29	$	14,000,000				228,060,000	$
Series 13 - June 30, 2021	17.88	$	14,000,000				250,320,000	$
Series 13 - September 30, 2021	18.19	$	14,000,000				254,660,000	$
Series 13 - December 31, 2021	19.31	$	14,000,000				270,340,000	$
Series 13 - Average				250,845,000	$
Series 15 - March 31, 2021	16.11	$	11,000,000				177,210,000	$
Series 15 - June 30, 2021	17.90	$	11,000,000				196,900,000	$
Series 15 - September 30, 2021	18.20	$	11,000,000				200,200,000	$
Series 15 - December 31, 2021	19.18	$	11,000,000				210,980,000	$
Series 15 - Average				196,322,500	$
Series 17 - March 31, 2021	25.23	$	30,000,000				756,900,000	$
Series 17 - June 30, 2021	25.40	$	30,000,000				762,000,000	$
Series 17 - September 30, 2021	25.45	$	30,000,000				763,500,000	$
Series 17 - December 31, 2021	25.31	$	30,000,000				759,300,000	$
Series 17 - Average				760,425,000	$
Series 19 - March 31, 2021	24.61	$	20,000,000				492,200,000	$
Series 19 - June 30, 2021	25.33	$	20,000,000				506,600,000	$
Series 19 - September 30, 2021	26.00	$	20,000,000				520,000,000	$
Series 19 - December 31, 2021	25.59	$	20,000,000				511,800,000	$
Series 19 - Average				507,650,000	$
									Average 2021 Preferred Share Value	6,607,982,494	$
Term Debt
		Maturity Date						Fair Market Value	Coupon
MTNVarious		9,533,726,811.85					$	Various
Hybrid 5.375%		Sep-27-2027	1,049,600,000.00					$	5.375%
Hybrid 5.375%		Sep-27-2027	682,240,000.00					$	5.375%
Hybrid 6.625%		Apr-12-2028	859,950,000.00					$	6.625%
Total CAD			12,125,516,812					$
		Maturity Date						Fair Market Value	Coupon					EI Summary
MTNs + FRN	Various		8,563,628,300					$	Various
Hybrid 6.0%		Jan-15-2077	1,018,360,260					$	3.500%					EI FMV (FMV)
Hybrid 5.5%		Jul-15-2077	1,331,539,120					$	4.500%
Hybrid 6.25%		Mar-01-2078	1,170,354,800					$	4.250%
Hybrid 6.375%		Apr-12-2078	810,368,064					$	5.500%
Hybrid 5.75%		Jul-15-2080	1,396,214,960					$	5.750%
Total USD			14,290,465,504					$
Total USD Debt converted to CAD @ 1.2632			18,051,716,025					$		EI FMV (CV)
TOTAL CAD MTN's			30,177,232,837					$
Debt + Prefs			36,785,215,331					$
Total Capitalization			135,652,912,831					$

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.