Enbridge Income Fund Holdings Inc. EBGUF

When do we get our .45c a share

[t8023db]

On the 15th?

[TickerTwit]

I don't see my ENB shares yet, or the 0.45. I'm with RBCDI. .

[JohnSP]

Don't know, but as of tonight Nov 14, my ENF.TO shares have been removed from my acount and not yet replaced with ENB.TO shares.

[JohnSP]

Surprise! ENB shares and cash just arrived in my TD-DI Account, but still not in my RBC-DI account.

[JohnSP]

This morning Nov 15, also received: 1) 0.735 ENB shares for each ENF and CAD0.45 per each ENF share in RBC-DI account. 2) Last ENF.TO dividend in RBC-DI & TD-DI accounts. Expect on Dec 1 to also receive ENB CAD0.671 dividend for ENF converted to ENB shares :)!

[pastafagoli]

Also noticed they rounded down on conversion.  SO if conversion got you 100.6 of enbridge you got 100 shares.  I guess that is offset by the double dividend.

[JohnSP]

pasta, also noticed that I was also rounded down to whole number shares, no partial. And that no ~$23 for half a share I was missing. Anyway small potatoes vs "double dividend", wish I heard that term more!

[TickerTwit]

Four accounts here, three should have rounded down and one should have rounded up. I'll re-read the plan and court order to see if this was allowable for beneficial shareholders. Here's what concerns me, far more than the loss of a single share: if RBCDI did this for roughly half of all accounts, they got to reap an ENB share for themselves each time ... this could be tens of thousands of