Enbridge Income Fund HoldingsENF.TOPAST TOP PICKAug 28, 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.
This company was never shown as a Top Pick for Richard, so I don’t know where BNN’s information came from. We had Royal Bank, which they didn’t comment on. - Bill)