Enbridge Income Fund HoldingsENF.TOTOP PICKApr 19, 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.
It has a terrific yield. Almost 8% and it is covered. It has been trading in its range for the last 5 years and it is back down. A good balance sheet. He really likes it. (Analysts’ target: $32.67).