Content
Unitholder and Investor Information
Ordinary Units
The ordinary units of Enbridge Income Fund are listed in Canada on the Toronto Stock Exchange and trade under the symbol “ENF.UN”.
Fund Trustee/Registrar and Transfer Agent
CIBC Mellon Trust Company
600, 333 – 7th Avenue S.W.
Calgary, Alberta T2P 2Z1
Telephone: (403) 232-2400
Toll free: (800) 387-0825
Internet: www.cibcmellon.com
Fund Administrator
Enbridge Management Services Inc.
3000, 425 – 1st Street S.W.
Calgary, Alberta, Canada T2P 3L8
Telephone: (403) 231-3900
Facsimile: (403) 231-3920
Auditors
PricewaterhouseCoopers LLP
Tax Information
The Fund is a “mutual fund trust” as defined in the Income Tax Act (Canada) (the “Act”). Units in the Fund are qualified investments for registered retirement savings plans, registered retirement income funds, deferred profit sharing plans and registered education savings plans under the Act.
Cash distributions to unitholders include an income or taxable component and a return of capital component. The specific breakdown of distributions in a particular year will be provided to the unitholders after the end of the year.
Based on current operations, the Fund estimates that approximately 80% of cash to be distributed during 2008 will be included in the income of unitholders for tax purposes.
The taxable component will be mainly ordinary income for tax purposes although there will be a dividend component that will qualify for the dividend tax credit when received by an individual resident in Canada. The portion of a distribution that is considered a return of capital is not immediately taxable but rather reduces the unitholder’s tax basis in the unit.
Holders and potential holders of Fund units should consult their own tax advisors with respect to their particular circumstances.
Cash Distributions
Monthly distributions will be made to unitholders of record as of the close of business on the last business day of each month, and are expected to be paid to unitholders on or about the 15th day of the following month. The following expected distribution dates for 2008 are subject to the distributions being declared by the Board of Trustees.
| Record date | Payment date |
|---|---|
| December 31, 2007 | January 15, 2008 |
| January 31 | February 15 |
| February 29 | March 14 |
| March 31 | April 15 |
| April 30 | May 15 |
| May 30 | June 13 |
| June 30 | July 15 |
| July 31 | August 15 |
| August 29 | September 15 |
| September 30 | October 15 |
| October 31 | November 14 |
| November 28 | December 15 |
Dividend Reinvestment and Unit Purchase Plan
In June 2004, the Fund began a Distribution Reinvestment and Unit Purchase Plan (the “Plan”). Participants may elect, without brokerage fees, to automatically reinvest monthly distributions in additional units of the Fund, and may make optional cash payments of up to $1,000 per month (subject to a minimum of $100 per month) to purchase additional units of the Fund. Details of the Plan are available on the Fund’s website. Investors should contact their respective investment dealer to enroll.
In order to be eligible to participate in the Plan, unitholders must be resident in Canada and hold a minimum of 100 ordinary trust units. Unitholders resident outside of Canada will be entitled to participate in the Plan subject to applicable local law. U.S. residents and citizens are not eligible to participate.
Executive Office
Enbridge Income Fund
3000, 425 – 1st Street S.W.
Calgary, Alberta, Canada T2P 3L8
Telephone: (403) 231-3900
Investor Inquiries
If you have inquiries regarding the following:
- additional financial or statistical information
- industry and company developments
- latest news releases or investor presentations
Please contact Enbridge Investor Relations or visit Enbridge Income Fund’s web site at www.enbridgeincomefund.com.
Investor Relations
3000, 425 – 1st Street S.W.
Calgary, Alberta, Canada T2P 3L8
Toll free: (800) 481-2804
Facsimile: (403) 231-3920
Annual Meeting
The annual meeting of unitholders will be held in the Lecture Theatre of the Metropolitan Conference Centre, Calgary, Alberta, at 1:30 p.m. MDT on Monday, May 5, 2008.
Quarterly Unit Trading Information |
|||||
2007 (dollars) |
First |
Second |
Third |
Fourth |
Annual |
High |
13.07 |
12.75 |
12.14 |
11.26 |
13.07 |
Low |
10.42 |
11.14 |
9.63 |
9.20 |
9.20 |
Close |
11.37 |
11.35 |
9.81 |
10.25 |
10.25 |
volume (millions) |
2.32 |
1.69 |
1.81 |
3.81 |
9.63 |
2006 (dollars) |
First |
Second |
Third |
Fourth |
Annual |
High |
14.75 |
13.70 |
13.99 |
14.54 |
14.75 |
Low |
12.95 |
11.80 |
12.69 |
9.61 |
9.61 |
Close |
13.15 |
13.00 |
13.68 |
13.20 |
13.20 |
volume (millions) |
2.76 |
1.70 |
1.71 |
3.37 |
9.54 |