Whistleblower Policy view... (PDF - 85KB) Governance Disclosure view... (PDF - 537KB) The Rights Plan view... (PDF - 258KB) Material Governance Contracts Administrative Services Agreement view... (PDF - 249KB) Management Agreement view... (PDF - 253KB) Fund Delegation Agreement view... (PDF - 164KB) Trust Indentures Fund Trust Indenture view... (PDF - 459KB) ECT Trust Indenture view... (PDF - 912KB) ECT Trust Indenture 3rd Supplemental Indenture view... (PDF - 28KB) MTN Trust Indenture view... (PDF - 499KB)

Corporate Governance

Corporate Governance Practices

The Administrator and the Trustees of Enbridge Commercial Trust (ECT) are committed to maintaining a high standard of corporate governance for the Fund. They have continued to assess the Fund’s governance policies and practices in light of regulatory initiatives in Canada that have been adopted to improve corporate governance, as well as the evolving standards and expectations for governance in the Canadian capital markets. The Administrator is of the view that the Fund’s governance structures, systems and practices generally conform with the governance rules and guidelines established by the Canadian Securities Administrators to the extent consistent with the structure of the Fund and ECT and the terms of the Fund Trust Indenture (PDF - 459KB), the ECT Trust Indenture (PDF - 912KB), the ECT 3rd Supplemental Indenture (PDF - 28KB) and the other agreements to which the Fund and ECT are parties.

Enbridge Income Fund — Key aspects of Governance practices:

• Majority of Trustees are independent
• The nominees for elections as Independent Trustees must be approved by the Independent Trustees then in office
• Trustees review, monitor and approve annual management and strategic plan
• Audit Committee comprised of Independent Trustees
• Material transactions, between manager/affiliates and Fund require approval of Independent Trustees
• Trustees may engage outside advisors at the Fund's expense

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