Enbridge Income Fund HoldingsENF.TOTOP PICKJun 26, 2015Stock 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.
He has been selling ENB-T and buying this. They are predicting a 10% increase in the dividend in September and possibly another in December. He bought it for the yield. It’s not going to be exciting, but it will be a safe, stable investment.