Enbridge to Transfer $1.76 Billion of Assets to Enbridge Income Fund
CALGARY, ALBERTA--(Marketwired - Sept. 22, 2014) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) has entered into an agreement with Enbridge Income Fund (the "Fund") to transfer a package of natural gas and diluent pipeline interests to the Fund for total consideration of $1.76 billion. The transfer is subject to receipt of customary regulatory approvals and is expected to close in November 2014.
