04:34:08 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Income Fund Holdings Inc
Symbol ENF
Shares Issued 176,406,621
Close 2018-11-07 C$ 32.39
Market Cap C$ 5,713,810,454
Recent Sedar Documents

Enbridge completes acquisition of Enbridge Income

2018-11-08 13:36 ET - News Release

See News Release (C-ENB) Enbridge Inc

Mr. Jesse Semko reports

ENBRIDGE INC. AND ENBRIDGE INCOME FUND HOLDINGS INC. COMPLETE PLAN OF ARRANGEMENT

Enbridge Inc. and Enbridge Income Fund Holdings Inc. have completed the previously announced plan of arrangement. The Arrangement involved the acquisition by Enbridge of all of the issued and outstanding Enbridge Income shares not already owned by Enbridge, resulting in Enbridge Income becoming a wholly owned subsidiary of Enbridge.

Effective today, Enbridge Income shareholders are entitled to receive, for each Enbridge Income share held, 0.7350 of a common share of Enbridge and a cash payment of 45 cents. In addition, each Enbridge Income shareholder who continues to hold their Enbridge shares on Nov. 15, 2018, will receive, as an Enbridge shareholder, Enbridge's fourth quarter dividend, declared in the amount of 67.1 cents per common share of Enbridge, payable on Dec. 1, 2018, to Enbridge shareholders of record on Nov. 15, 2018. Each Enbridge Income shareholder will also receive the Enbridge Income dividend in the amount of 18.83 cents per Enbridge Income share, payable on Nov. 15, 2018, to Enbridge Income shareholders of record on Oct. 31, 2018.

The arrangement was approved by Enbridge Income shareholders at a special shareholders meeting held on Nov. 6, 2018, and by the Court of Queen's Bench of Alberta.

The Enbridge Income shares will be delisted from the Toronto Stock Exchange. Common shares of Enbridge will continue to trade on both the New York Stock Exchange and the Toronto Stock Exchange under the symbol ENB.

If you are a registered Enbridge Income shareholder, to receive your Enbridge shares and cash payment, you must properly submit your letter of transmittal and election form (including tendering your share certificate(s)), which accompanied the meeting materials, to AST Trust Company (Canada), the depositary under the arrangement. If you are not a registered Enbridge Income shareholder, your Enbridge Income shares will be automatically exchanged for Enbridge shares and cash without further action on your part. Please contact your broker or other nominee through which you held your Enbridge Income shares for further information and assistance.

About Enbridge Inc.

Enbridge is North America's premier energy infrastructure company with strategic business platforms that include an extensive network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities and renewable power generation. The company safely delivers an average of 2.9 million barrels of crude oil each day through its Mainline and Express pipeline; accounts for approximately 65 per cent of U.S.-bound Canadian crude oil exports; and moves approximately 20 per cent of all natural gas consumed in the U.S., serving key supply basins and demand markets. The company's regulated utilities serve approximately 3.7 million retail customers in Ontario, Quebec and New Brunswick. Enbridge also has interests in more than 2,500 megawatts of net renewable generating capacity in North America and Europe.

About Enbridge Income Fund Holdings Inc.

Enbridge Income Fund Holdings, through its investment in Enbridge Income Fund, indirectly holds high-quality, low-risk energy infrastructure assets. The fund's assets consist of a portfolio of Canadian liquids transportation and storage businesses, including the Canadian Mainline, the Regional oil sands system, the Canadian segment of the Southern Lights pipeline, Class A units entitling the holder to receive defined cash flows from the United States segment of the Southern Lights pipeline, a 50-per-cent interest in the Alliance pipeline, which transports natural gas from Canada to the United States, and interests in more than 1,400 megawatts of renewable and alternative power generation assets.

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