Q: On Friday Enbridge said it has reached a long anticipated deal to transfer some of its Canadian pipeline and renewable energy assets to Enbridge Income Fund. This move is to allow ENB to boost its dividend and accelerate growth.
While ENB common was up significantly its preferred shares (including ENB.PR.A (B, H, N, etc.) where all down.
Are the preferred shares riskier now than they were before the announcement? Do the preferred represent good value? If so, is there any series that you would favour?
While ENB common was up significantly its preferred shares (including ENB.PR.A (B, H, N, etc.) where all down.
Are the preferred shares riskier now than they were before the announcement? Do the preferred represent good value? If so, is there any series that you would favour?