Enbridge Income Fund Holdings Inc. EBGUF

RE:RE:RE:RE:RE:RE:ENF is trading at almost $1 premium to the buyout

[Sadie222]

CHECKMATE77 wrote: I disagree . The mkt would like a higher offer, I do not think this is in the cards.
the small premium is more likely due to a higher dividend yield and the fact it is monthly rather then every Q

It’s not impossible. The offer was made on a certain date, and subject to the trading whims of that date. They knew that any price offered would be subject to a review, so why spend a lot of time polishing the nickles? Including the 5% nominal premium it might be called a fair-value price IMHO but with no incentive bonus included, or compensation for the drop in divs.
I would have accepted an averaged ratio with, maybe, 10% incentive/compensation. Right now, the message I’m hearing from ENB is “Eat this, sukkah!” Not impressed.