Enbridge Income Fund HoldingsENF.TOCOMMENTJun 02, 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.
Algonquin Power (AQN-T), AT&T (T-N) or Enbridge (ENF-T)? Of these 3, he would certainly go with AT&T. It is part of the S&P 500, which he is very bullish on, as well as the US$.