This is a cumulative redeemable minimum rate reset preferred share, which does not reset its dividend for another two years. That gives it more time than other MRRPs for rates to possibly rise again – perhaps to the point where it might even reset above its floor rate.
Income Investor
ENB.PR.K makes a good addition to a conservative, lower-risk income portfolio. This is one minimum rate reset preferred that you should consider adding to your portfolio now while you can still get it at a discount to par. - Paul Bamford
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Interactive Performance Chart
ENB.PF.K was first recommended here on March 27, 2021