FAQs
Based on discussions with our investors and other members of the investment community, the following represent their most frequently asked questions together with responses.
Dividend
Dividend
What is the dividend policy of Enbridge Income Fund Holdings (“EIFH”)?
It is expected that EIFH will continue paying out a high proportion of its distributable cash flow to its shareholders and that EIFH continue a policy of paying out a high proportion of its available cash in the form of monthly dividends to its shareholders.
What is the amount of the dividend?
It is expected that EIFH will continue to pay an annualized dividend of approximately $1.236 per EIFH share, the same amount as the annualized distribution most recently paid on the Enbridge Income Fund units.
Does the EIFH offer a Dividend Reinvestment Plan (“DRIP”)?
Yes. All participants previously enrolled in the DRIP for Enbridge Income Fund will be deemed to be participants in the Amended DRIP without any further action on their part. The Amended DRIP shall provide that, among other things, (i) holders of EIFH Shares may direct their cash dividends to be reinvested in additional EIFH Shares which may, at the discretion of the Administrator, be purchased by CIBC Mellon Trust Company, in its capacity as the plan agent, through the facilities of the TSX (“Market Purchase Option”), be issued directly from the treasury of EIFH (“Treasury Issuance Option”) or be acquired through a combination of the Market Purchase Option and the Treasury Issuance Option, and (ii) subject to applicable law and regulatory filings, holders of EIFH Shares will be entitled to make optional cash payments (minimum of $300 and a maximum of $3,000 per quarter) to the plan agent for the purchase of additional EIFH Shares on the same basis as dividends.
Holders of EIFH Shares who were not participants in the DRIP under Enbridge Income Fund but who wish to participate in the Amended DRIP may do so by notifying the investment dealer through which they hold their EIFH Shares.
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