Enbridge Income Fund HoldingsENF.TOCOMMENTMar 22, 2013Stock price when the opinion was issued
As of Nov 10, 2018. Market Open.
Enbridge wants to buy ENF to simplify their corporate structure. In the States, Enbridge offered a small premium, while in Canada, they offered a premium. He suspects the directors of ENF-T are waiting for a higher premium (or that's what he would do). Pays a higher yield than Enbridge Inc. but lacks the dividend growth potential.
Enbridge Income Fund (ENF-T) or Enbridge (ENB-T)? Both are great companies. Feels that Enbridge (ENB-T) has more growth and therefore growth in the dividend, which she is after. Income fund has more yield. Both are well managed. It just depends on what are you prefer the yield or the growth.