Overview

Enbridge Income Fund Holdings Inc. is designed to provide investors with stable and predictable cash flows from a diverse portfolio of low risk Canadian energy infrastructure assets. All of our assets are underpinned by strong supply/demand fundamentals, long-term commercial contracts and the continued support and strategic alignment with our sponsor Enbridge Inc.

Enbridge Income Fund Holdings Inc. (“ENF”), through its investment in Enbridge Income Fund (the “Fund”), holds high quality, low risk energy infrastructure assets. The Fund’s assets include crude oil gathering pipelines in Saskatchewan and Manitoba and crude oil storage terminals and caverns in Hardisty, Alberta, as well as interests in 524 megawatts of renewable and alternative power generation capacity in Alberta, Saskatchewan and Ontario. The Fund also holds a 50% interest in the Canadian segment of the Alliance Pipeline that transports high-energy, rich natural gas from northeastern British Columbia and northwestern Alberta to delivery points near Chicago, Illinois.

These assets fit well with and are integral to Enbridge Inc.’s continuing business strategy and remain part of the Enbridge family.

ENF’s objectives are to provide a stable and sustainable flow of distributable cash and to increase, where prudent, dividends of distributable cash on a per share basis.

In order to further achieve these growth and stability objectives, the Manager pursues a business strategy for ENF which involves:

Maximizing the efficiency and profitability of its existing assets through representation on the Boards and/or management committees of the ENF’s assets;
pursuing organic growth and expansion opportunities through its existing businesses; and
acquiring and or developing new energy infrastructure businesses that are complementary and in keeping with the risk and return profile of its existing business.

In 2012, the Fund acquired crude oil storage assets located in Hardisty, Alberta as well as two solar projects and one wind facility, all located in Ontario. The assets included in the $1.164 billion acquisition are all underpinned by long-term fixed price contracts which generate steady cash flow and further diversify the Fund’s overall business mix and lowering the ENF’s risk profile.

Going forward, it is expected that Crude Oil Transportation and Storage will generate roughly 40 per cent of distributable cash flow, while Green Power and Gas Transmission will contribute approximately 40 per cent and 20 per cent respectively.

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