Investment Q&A

Q: Possible to sell ENB for a tax loss and buy Enf with the transactions on the same day or would the 30 day wait period be required?

Q: With the recent announcement of the conversion of ENF to ENB shares do you see any advantage in just selling ENF now and taking the proceeds and investing them in another pipeline company with less baggage than ENB ( eg., IPL. PPL) ? Thanks, Joe

Q: 11:11 AM 5/17/2018

Current yield on ENF at today's price [$29.41] is 7.6%. Enbridge yields 6.3% at the current price [$42.41].

I am trying to find an acceptable alternative company to ENF to invest in that would have a comparable yield and have the same level of business quality, Market Cap, and reliability of dividend.

IPL, ALA, GEI, RNW, CHW, TF, SRV.UN, KPT, JE, KWH.UN, CHE.UN all have similar dividends but are hardly equivalent in quality. Would you pick any of these?

I cannot find any acceptable substitute of the same quality so I would appreciate your suggestions in ANY sector that you would choose.

Maybe just taking ENB shares is the best choice?

Thank you............ Paul K

Q: I hold 1000 ENF shares and if the deal goes through they will convert to a 0.7029 share of ENB. I would then own a total of total 703 ENB shares. The price of ENB today is $42.28 which means I would hold a value of $29,723 in ENB if the deal goes through. If the price of ENB goes up lets say to $45.00, do I still receive 0.7029 shares of ENB for each ENF share I hold and would then have an ENB value of $31,633 and therefore making a profit of $1,910 from today if I sold it, in this scenario?

Q: just a further question on Enbridge income fund. I know you have touched on what will happen if Enbridge puts all companies under one umbrella. Does this mean that Enbridge income fund holders which get a larger dividend right now than Enbridge shareholders will get a small dividend going forward?

Q: How will Enbridge's recent consolidation action affect my shares in ENF? Thanks

Q: What do you think about this giant ENB transaction?

Q: how does today's sale of some assets for over $1bln maximize shareholder value for ENF holders?
or did they just sell and give the money to ENB?

Q: I own ENF in my portfolio for the generous dividend. After what happen this morning with TC(big cut in the dividend) and TRP, just wandering if the same thing could happen with ENF and ENB. Seems that both TC and ENF operate the same way as drop down from the parent company. Many tnx.

Q: Recently bought ENF before Minnesota pipeline concern. What are your thoughts about this Fund. Do you think it is better (or worse to hold than Enbridge? Thanks.
Lorraine

Q: Why is this stock down so much today. Wasn't the ruling on line 3 good news.

Q: Is it a mistake to own both ENB & ENF? If I need to drop one which ome should I sell? I bought both of them for income purposes.

Q: My wife and I currently have 6.8% of our combined retirement savings invested in ENF. As we have made this acquisition quite recently, we are neither up nor down on this investment. We've just received the company's 2017 annual report and I'd appreciate your confirmation of a key financial metric, I see noted within the information we've received.

On page 4 of the 2017 Annual Report I see an indication that the company's Dividend Payout Ratio climbed from a level of 86.9% in 2016 to level of 96.1% in 2017. My first question is: Am I correct in understanding that the firm therefore paid out 96.1% of all it's net income in 2017?

The reason I ask that question is that the information we received includes a very clear statement of the company's intention to continue to raise their already very generous dividend by 10% in each of 2019 and 2020. They point to planned future projects, they seem to feel should make those targets eminently achievable.

If they are already paying out 96.1% of their net income, won't they likely need to grow that income by at least 10% in any year in which they might wish to increase their dividends by 10%; if they wish that dividend level to be sustainable over the longer term?

How likely do you feel their targets for income growth and dividend growth might be?
Please know that we can tolerate substantial swings (declines) in the price per share of this holding, provided we believe the dividends are both sustainable and likely to grow at least at the rate of inflation, going forward. Thank you!

Q: is the yield too good to be true ?

Q: Can you please give me your figures on long and short term debt for ENF. Looking at data from Morningstar, Enbridge Income Fund has a market cap of $4.7 billion and a tiny debt of only $400 million. Are these numbers correct?

If indeed there is very little debt how does the company "buy" drop-down assets from ENB. Is it done through issuance of shares. If there is very little debt, and it's pipelines likely to run at or near full capacity for years to come would you agree that the dividend is quite secure for the future.

What percent of ENF is owned by ENB?

Do you have any other concerns about owning ENF as a long tern income holding.

Thank you.......... Paul K.

Q: Dear Sirs,

All three of the above are in my portfolio, which if any would you reduce?
thank you
Brad

Q: Based on your answers to other questions, it appears you like ENB quite a bit but don't like ENF? Can you explain why? ENF has a very attractive dividend.

Q: Hi, . I want to invest in 5 stocks ,mainly for income , I would like your thoughts on my ideas , and give me your ideas . p.s. I hold BNS and TD . I would buy 1 at atime over the next several months thx Jack

Q: Does ENF carry any debt . If not would it be safe to say higher interest rates affect it to a lesser extent then say ENBRIDGE that carries substantial debt ?

Q: ENB nas announced a sale of certain assets. Would this involve ENF in any way? Thank you. Joe