Enbridge Income Fund HoldingsENF.TOPAST TOP PICKMay 28, 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.
(A Top Pick May 28/17, Down 7%) It has a 7-8% dividend yield and is being bought out by the parent. He will continue to hold on thinking there is still more upside.