Picton Mahoney Asset Management Increases Stake in Enbridge Inc. Preferred Shares to 2.41%

Picton Mahoney Asset Management filed a Schedule 13G/A on April 27, 2026, disclosing an increased position in Enbridge Inc. (ENB). As of the event date on March 31, 2026, the filer reported beneficial ownership of 2,800,013 preferred shares. This represents a 2.41% ownership stake in the company's preferred shares, based on an outstanding share count of 16,000,000. This filing marks an increase from a previously reported 0.0% stake. Picton Mahoney Asset Management, a Canadian-based investment fund manager, holds sole voting and dispositive power over all 2,800,013 shares. The filing indicates that the securities were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. The reported market value of the position is approximately $149.24 million. The filing follows the regulations applicable to foreign institutional investors that are functionally equivalent to U.S. institutions.