CALGARY, ALBERTA–(Marketwired – Nov. 25, 2015) – Enbridge Income Fund Holdings Inc. (TSX:ENF) (the Company) announced today that the Toronto Stock Exchange (“TSX”) has approved the Company’s amended Dividend Reinvestment and Share Purchase Plan (“DRIP“). The DRIP permits the Company to issue from Treasury (“Treasury Option“) common shares of the Company (“Common Shares“) for dividends reinvested under the DRIP at a 2% discount from the weighted average trading price of the Common Shares on the TSX for the 5 trading days (“Average Market Price“) preceding a dividend payment date.
Shareholders may also make optional cash payments to purchase additional Common Shares at the Average Market Price, up to a maximum of $20,000 per calendar year, provided that the aggregate number of Common Shares issued pursuant to the DRIP in respect of optional cash payments does not exceed 2% of the issued and outstanding Common Shares of the Company at the beginning of the financial year, in any financial year during which Common Shares are issued in respect of optional cash payments.
Pursuant to the DRIP, all commissions and administrative costs associated with the operation of the DRIP will be paid by the Company.
The Company will utilize the Treasury Option in respect to the dividend payable on December 15, 2015 to shareholders of record on November 30, 2015. As such, existing Plan Participants will receive Common Shares issued at the discounted price on December 15, 2015, and may participate in the cash payment option if they complete the required documentation and forward payment to CST Trust Company (the “Plan Agent“), no later than December 7, 2015.
Eligible shareholders may participate in the DRIP. Registered shareholders wishing to enroll in the DRIP or to make optional cash payments (if they are not enrolled in the DRIP) must do so by providing notice to the Plan Agent not less than 5 business days prior to the dividend record date in respect of the dividend to be subject to the DRIP. Non-registered shareholders who wish to participate in the DRIP should contact their investment dealer for further information and to enroll. Details of the DRIP are available on the Company’s website at www.enbridgeincomefund.com.
The Common Shares trade on the TSX under the symbol ENF.
ABOUT ENBRIDGE INCOME FUND HOLDINGS INC.
Enbridge Income Fund Holdings Inc. is a publicly traded corporation. The Company, through its investment in Enbridge Income Fund (“Fund“), 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 2,306-kilometre Canadian segment of the Mainline System (the largest conduit of oil into the United States), 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 US segment of the Southern Lights Pipeline, a 50 percent interest in the Alliance Pipeline and interests in more than 1,400 megawatts of renewable and alternative power generation capacity. Information about Enbridge Income Fund Holdings Inc. is available on the Company’s website at www.enbridgeincomefund.com.
Enbridge Income Fund Holdings Inc.
Media
Graham White
(403) 508-6563 or Toll Free: (888) 992-0997
graham.white@enbridge.com
Enbridge Income Fund Holdings Inc.
Investment Community
Allison Morley
(587) 955-2837
allison.morley@enbridge.com