Enbridge Income Fund Holdings Inc. EBGUF

Energy Oil & Gas Midstream

"Enbridge Income Fund Holdings Inc is engaged in the generation, transportation and storage of energy through its green power generation facilities, liquids transportation and storage facilities."

GREY:EBGUF - Post by User

Enbridge Income Fund Holdings Inc. > Letter to IR

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Comment by TickerTwiton May 17, 2018 3:44pm

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Post# 28048237

RE:Letter to IR

The US tax changes and FERC policy change render this guidance null (and it was guidance, not an assurance). As shareholders we should be aware enough to recognize when the business environment has suffered a shock.
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rk67 wrote:
Sent the following to ENF's IR, will advise on response:

Hi,

I'm hoping you can clear up the following for me.

During all of ENF's conference calls and presentations, we were repeatedly assured that not onlyIs the dividend safe, but that we expect to see dividend growth through 2019 (if not 2020).

However, with the recent ENB announcement to convert the shares of ENF to ENB, this dividend now appears to be in jeopardy (a 5% premium over a depressed closing price in exchange for a 20%dividend cut).

Can you comment on how ENF plans to deliver on its promise to shareholders with respect tothe dividend?