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Enbridge Income Fund completes acquisition of interests for $1.76b


Published Nov 12, 2014
Enbridge Inc.

Enbridge Income Fund Holdings Inc. and Enbridge Income Fund (the Fund) has closed the acquisition of the 50 percent interest in the U.S. segment of the Alliance Pipeline and the purchase of Class A Units which provide a defined cash flow stream from the Southern Lights Pipeline (collectively, the Assets) by indirect wholly-owned subsidiaries of the Fund for $1.76 billion (the Transaction) from indirect wholly-owned subsidiaries of Enbridge Inc. which was announced in the Company's news release dated September 22, 2014.

The Board of Directors of the Company declared a dividend payable on December 15, 2014 to shareholders of record on December 1, 2014 in the sum of $0.1285 per common share of the Company (Common Share), representing a 12.1 percent increase to $1.542 per Common Share on an annualized basis. The dividend is designated an eligible dividend for Canadian tax purposes, which qualifies for the enhanced dividend tax credit.

Tags: Enbridge Inc.




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