ENF successfully closed the public offering of 20,353,850 common shares at a price of $28.25, and a private placement to Enbridge Inc. of 5,056,150 common shares at the same price. The aggregate financing will be used to subscribe for 25,410,000 units of Enbridge Income Fund, which will fund the secured capital programs of its investments. With this capital raise, we expect ENF will not need to participate in any more equity financings for the remainder of 2016. This dilution has marginally lowe ....
21 Apr 2016
Raises $718 mm in Common Share Offering
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Raises $718 mm in Common Share Offering
Enbridgeome Fund (ENF:TSE) | 0 0 0.7% | Mkt Cap: 4,697m
- Published:
21 Apr 2016 -
Author:
Steven I. Paget -
Pages:
4
ENF successfully closed the public offering of 20,353,850 common shares at a price of $28.25, and a private placement to Enbridge Inc. of 5,056,150 common shares at the same price. The aggregate financing will be used to subscribe for 25,410,000 units of Enbridge Income Fund, which will fund the secured capital programs of its investments. With this capital raise, we expect ENF will not need to participate in any more equity financings for the remainder of 2016. This dilution has marginally lowe ....