The Financial Post reports in its Saturday, July 7, edition that the big-picture debt reduction strategy at Enbridge continues to play out. The Post's Barry Critchley writes that under a multipronged plan announced in late 2017, Enbridge will continue to sell assets, even those that were once considered core. It will narrow the scope of its business and will continue to simplify its corporate structure. Three asset sales this year resulted in about $7.5-billion in proceeds. The plan has had a positive effect on investors: Enbridge's share price has rebounded after bottoming out at $37.36 in May. However, with a current short position of 36,822,000 shares, Enbridge has the dubious honour of being the fourth most shorted stock in Toronto. Mr. Critchley says Enbridge has at least one more major transaction to complete: the plan announced in early May to simplify its corporate structure by acquiring all of the outstanding sponsored vehicle equity securities. The transactions require shareholder approval. Enbridge Income Fund Holdings says it has struck "a special committee of independent directors to review and consider the proposal." ENF shareholders are looking for an attractive takeout price.