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Investment Q&A

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Enbridge Inc. cumulative redeemable preference shares series L (ENB.PF.U)
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Q: Hi team. ENB.PF.U pays dividends in US$ but it is a Canadian company, therefore would the dividends on this US$ preferred be eligible for the dividend tax credit in Canada?

Asked by Ken on November 25, 2023

5i Research Answer:

Yes; the key is that it is a Canadian company, not where it trades or the currency it trades in.

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