Stock price when the opinion was issued
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.
They announced they were dropping down assets into the income fund. It has been known in the market. The form of the deal announced recently was different than expected. She thinks it is attractive. Stay here if you are looking for income but if you can stand more growth, and less income, then move to the parent company.