Enbridge Income Fund HoldingsENF.TOBUY ON WEAKNESSFeb 25, 2016Stock 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 owns the parent business. If you want a regular stream of income, this is an ideal candidate for the long term. It is butting up against a support level. Pick away at this one.