Enbridge Income Fund HoldingsENF.TOTOP PICKMay 29, 2017Stock 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 prefers this one over ENB-T. This is his defensive pick. It has a 6.2% dividend that will increase 10% per year. This is more of an owner of assets. Less than 1% of their income stream is susceptible to interest rate, commodity or currency risk. (Analysts’ target: $36).