Stock price when the opinion was issued
Enbridge Inc. 4.40% Series 11 (ENB.PF.C-T) This company has quite a few issues outstanding. They started issuing a little bit higher rate and this one is fairly new. This is a top rated energy oil/gas pipeline company. It will possibly go to Reset in 2019. You are getting some protection at a 264 basis points over the Canada or the floating-rate.
(A Top Pick Sept 8/14. Down 1.87%.) Enbridge Inc. 4.40% Series 11.