Enbridge Income Fund Holdings Inc. EBGUF

Lack of support

[casperdog]

As most of us here are income investors and will be looking to replace this holding with somthing like it down the road if the deal is compleated. I thought I might remind us all of a few statemets that have been made.Below are quotes from Barry Critchleys artical in the Financialpost.
Typically when one company is aquiring another (even if its a related party) a meaningful premium in the affected stock price is offered and is generally in the 20 per-cent to 30-per-cent range.  Next, There doesent appear to be a need to bring ENF in-house. Given that there are no  negative implications to ENF from the U.S. tax changes, there is no need to restructure the Cnd. unit. If ENB wants to buy the unit ( whose ability to cost-effectively raise capital has deteriorated, according to ENB) then, runs the arument, offer sharehoulers a reasonable premiun. The final point is optics- and they are pretty strong. ENB is planning to buy back the ENF shares at a lower price than it sold it sold the same shares at in April 2017, Then it offloaded 17,348 million shares at 33.15 a share, based on the fixed exchange ratio and the share prices at the timeof the announcement, the current offer works out to 29.38 a share. Maybe opportunism- given that retail investors are large owners- is the real motivation behind buying in the Cnd. unit.  End quote. If nothing more this does speak to the corporate conscience of ENB.