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. > Growth without dropdowns?

<< Previous

Bullboard Posts

Next >>

Comment by TickerTwiton Aug 09, 2018 4:30pm

119 Views

Post# 28436104

RE:RE:RE:RE:RE:Growth without dropdowns?

ENB has exchange rights that would allow it to reach 77.6% ownership of units in Enbridge Income Fund (EIF -- this is not ENF). ENF owns only one thing: units in EIF. I'm still trying to figure it all out, but it appears at first glance that ENB has final control of the physical assets. ENF can stop ENB from rolling it up, and thereby continue to exist and receive payouts from EIF, but it can never gain control of the physical assets.

If I've got it right, no outside company would make an offer for ENF because it's equivalent to buying units of EIF ... which is locked down by ENB.

Basis for my comments above (and potential misunderstandings) is the Enbridge Income Fund (again, this is not ENF) AIF for 2017. I have not read it all, and I'm certain I don't yet understand all of what I have read.
.