Enbridge Income Fund Holdings Inc. EBGUF

I want 0.84 ENB for each share of ENF not 0.7

[ckwong]

I invest in ENF for its dividend. If it is exchanged to ENB. I want the same dividend income. I want the same dividend after exchange.  I am not able to live on unrealized capital gain.

This is how I come up with the ratio. Each share of ENF gives me $2.256 each year. ENB has annual dividend of $2.684. To maintain the same income, I want 0.84 share of ENB.

[freedomfiddy]

This post has been removed in accordance with Community Policy

[gold_diggers1]

conversion ratio aside, as per Revenue Canada rules, dont u have to report capital gain or loss on ENF once the conversion took place as if ENF shares would have been "deemed" disposed of?

[TickerTwit]

The BCE buyback of Bell Aliant was arranged so that the transaction was tax-neutral for Canadians, and that opinion was given in the circular. Another way would be to treat it as an adjustment to cost base. I don't know if there are other ways to avoid a disposition. Hopefully we'll get an opinion included when the circular is sent out. .

[ckwong]

Thank you for bringing it up. When you do the stock exchange, if my memory serves me right you can have the option to rollover the gain or lost. If it is cashing out, i.e. pay you the cash like the Student Transportation, you have to report for the gain/loss for the year. I don't have the reference at my finger tip but I believe there is an option 22 you can instruct the broker or the stock