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Moody's Investors Service ("Moody's") has upgraded the ratings of Enbridge Inc. (ENB) and Enbridge Energy Partners, L.P. (EEP) including their senior unsecured ratings to Baa2 from Baa3, and revised the outlook to positive. At the same time we have upgraded Enbridge (U.S.) Inc.'s backed short-term rating for commercial paper to Prime-2 from Prime-3.
CALGARY, Dec. 7, 2018 /PRNewswire/ - Enbridge Inc. (ENB.TO) (ENB) (Enbridge or the Company) and Enbridge Income Fund (the Fund) today announced that holders (Fund Noteholders) of certain series of the Fund's outstanding medium term notes (Fund Notes) representing greater than 66 2/3% of the principal amount of the outstanding Fund Notes, voting together as a single class, delivered valid consents and proxies voting FOR the transaction to exchange the Fund Notes for an equal principal amount of newly issued medium term notes of Enbridge, having financial terms that are the same as the financial terms of the Fund Notes (the Note Exchange Transaction).
CALGARY , Nov. 14, 2018 /CNW/ - Enbridge Inc. (ENB.TO) (ENB) (Enbridge or the Company) and Enbridge Income Fund (the Fund) today announced that they are seeking the approval of the holders (Fund Noteholders) of certain series of the Fund's medium term notes referenced below (Fund Notes) to exchange Fund Notes for an equal principal amount of newly issued medium term notes of Enbridge (Enbridge Notes), having financial terms that are the same as the financial terms of the Fund Notes (the Note Exchange Transaction). The Enbridge Notes will be governed by the Enbridge medium term note trust indenture (Enbridge MTN Indenture) dated October 20, 1997 , as amended and supplemented, which governs Enbridge's other senior Canadian dollar unsecured debt securities.
Moody's Investors Service ("Moody's") today affirmed the Baa3 senior unsecured ratings of both Enbridge Inc. (ENB) and subsidiary Enbridge Income Fund (EIF). At the same time Moody's changed the rating outlook on ENB to positive from stable and changed the rating outlook on EIF to positive from negative. Moody's also affirmed the Prime-3 backed commercial paper rating on Enbridge (U.S.) Inc. For a full list of rating actions see the end of this press release.
The shareholders of Enbridge Income Fund Holdings Inc (ENF.TO) and Enbridge Inc. (ENB.TO) have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of Enbridge Income Fund Holdings will be exchanged for 0.735 shares of Enbridge Inc and CDN$0.45 cash consideration per share. Enbridge Income Fund Holdings will be removed from all S&P/TSX indices where the stock is a constituent prior to the open of trading on Monday, November 12, 2018 .
CALGARY , Nov. 6, 2018 /CNW/ - Enbridge Income Fund Holdings Inc. (ENF or the Company) (ENF.TO) announced today that ENF shareholders overwhelmingly approved the previously announced plan of arrangement (the Arrangement) with Enbridge Inc. (Enbridge) (TSX, NYSE: ENB) at a Special Meeting of ENF Shareholders held today (the Meeting). Pursuant to the Arrangement, Enbridge will acquire all of ENF's outstanding common shares (ENF Shares) not currently owned by Enbridge, resulting in ENF becoming a wholly-owned subsidiary of Enbridge.
DALLAS , Nov. 5, 2018 /PRNewswire/ -- Alerian announced today that Enbridge Income Fund Holdings (TSX: ENF) is expected to be removed from the Alerian Midstream Energy Index (AMNA). Special rebalancings ...
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Enbridge Inc. Reports Strong Third Quarter 2018 Results and Significant Progress on Strategic Priorities
CALGARY , Oct. 29, 2018 /CNW/ - Enbridge Income Fund Holdings Inc. (ENF.TO) (ENF or the Company) will hold a special meeting (Special Meeting) of ENF shareholders on November 6, 2018 in Calgary, Alberta . At the Special Meeting, shareholders will be asked to vote on a proposal (the Proposed Arrangement) from Enbridge Inc. (Enbridge) to acquire all of the outstanding ENF shares not already owned by Enbridge, resulting in ENF becoming a wholly-owned subsidiary of Enbridge.
Enbridge Inc. to Host a Joint Webcast with Enbridge Income Fund Holdings Inc., Enbridge Energy Partners, L.P. & Spectra Energy Partners, LP to Discuss 2018 Third Quarter Results on November 2
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CALGARY , Oct. 3, 2018 /CNW/ - Enbridge Income Fund Holdings Inc. (ENF.TO) (the Company) today announced that in light of the previously announced definitive arrangement agreement with Enbridge Inc. dated September 17, 2018 , the Company has determined to suspend, effective immediately, its amended and restated dividend reinvestment and share purchase plan (the "DRIP") until further notice. As a result, the dividend to be paid on November 15, 2018 to shareholders of record on October 31, 2018 , will not be eligible for reinvestment pursuant to the DRIP. If the Company elects to reinstate the DRIP in the future, the shareholders that were enrolled in the DRIP at the time of suspension and remain enrolled at the time of its reinstatement will automatically resume participation in the DRIP.
Enbridge (ENB) consolidates all its sponsored vehicles under a single roof, which is likely to reduce the complexity of the organizational structure and financial reporting.
Enbridge Inc. agreed to acquire the shares it doesn’t already own in three North American units for about $7.1 billion as the Canadian pipeline giant moves to simplify its corporate structure. The rollup of the so-called master limited partnerships will bring all of Enbridge’s core liquids and natural gas assets under the umbrella of a single publicly traded entity to the benefit of all shareholders and unitholders, Calgary-based said in a statement Tuesday. Peers from Williams Cos. to Loews Corp. have ditched MLPs used to hold many oil and gas pipelines after a March U.S. tax change sent shares -- called units -- plummeting, making it more difficult to raise money for new projects.
CALGARY, Sept. 18, 2018 /PRNewswire/ - Enbridge Inc. (ENB.TO) (ENB) (Enbridge) and Enbridge Income Fund Holdings Inc. (ENF.TO) (ENF) today announced that they have entered into a definitive arrangement agreement (the Agreement) under which Enbridge will acquire all of the issued and outstanding public common shares of ENF (the Arrangement), subject to the approval of ENF shareholders. Under the terms of the Agreement, each common share of ENF (ENF Share) will be exchanged for 0.7350 (the Agreed Exchange Ratio) of a common share of Enbridge (Enbridge Shares) and cash of $0.45 per ENF Share (the Cash Component).