RE:RE:Resolution Passed.You're still getting it, and more.
The cash portion of the offer gives us 0.943185 per ENF share (.45 + .735*.671). Normally in this scenario your first dividend would be forfeited but we're getting it not as a dividend but as part of the purchase price.
ENF dividend is 0.1883/m
ENB dividend is (.735*.671)/3 = 0.164395/m
Difference (apparent loss of dividend) is 0.023905/m
The cash portion amounts to 0.943185/0.023905 = 39.46 months, or more than three years, of compensation for the loss of dividend ... and it's taxed as a capital gain/loss rather than as a dividend tax credit (so add something to the 39.46, depending on your marginal tax rate) ... and you got that amount up front rather than having to wait 3+ inflation-eroding years for it, so add some relative earnings on it, let's say at 3% or half the ENB yield ... and we get better prospects for capital gains.
.
autofocus111 wrote: I preferred the higher dividend yield ENF offered [...]