Enbridge Income Fund Holdings Inc. EBGUF

Letter to IR

[rk67]

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?

[stocktalk]

ENF mangement is dictated by ENB there is no other option here. We will get a dividend cut but look on the bright side there is more growth with the parent company. They will counter back with a sweeter deal !

[pastafagoli]

The Board is ENF has a fiduciary duty to the ENF S/H and not mgmt of enb.  They must look after ENF shareholders or there will be lots of litigation.  Premium is small for dividend cut.  Luckily ENB is going up today.  

[TickerTwit]

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. .