Enbridge Income Fund HoldingsENF.TOBUYDec 20, 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.
This is a nice steady payer if he is setting up a brand-new portfolio for clients. He would definitely consider it as part of a diversified pool of income. It is rebounding on the price and the entry point is pretty good right now. 5.8% yield. Conservative income generator.