Enbridge Income Fund HoldingsENF.TOHOLDJan 08, 2018Stock 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.
Enbridge (ENB-T) or Enbridge Income Fund (ENF-T) for a 45-year-old? He holds this. It isn't really much of a growth stock. It looked okay for a while, then started rolling over in early 2017. For people just looking for the dividend, it has pretty good support at around $27, so your downside is not huge. If he had to choose between the 2, he would probably select Enbridge (ENB-T) for the growth side and Enbridge Income (ENF-T) for the dividend. Dividend yield of about 7.5%.