Enbridge Income Fund HoldingsENF.TOCOMMENTMay 18, 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.
A pretty good stock for yield. Their primary assets are the mainline that Enbridge (ENB-T) drops down to them. Yields about 6%. Thinks the dividend is safe and you can probably expect an increase as well.