Enbridge Income Fund HoldingsENF.TOBUYOct 23, 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.
It is one of the pipes. This is one with a higher payout. He does not have any problem but just does not own the pipes. It is okay to own it if the dividend is covered.