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News Breaks
June 18, 2014
19:36 EDTENB, EEPEnbridge Energy Partners to benefit from equity restructuring
Enbridge Energy Partners (EEP) and Enbridge (ENB) announced an agreement to undertake a restructuring of the partnership's equity under which its general partner will permanently waive its existing incentive distribution rights in exchange for Class D units and new incentive distribution units. This restructuring will decrease the general partner's share of incremental cash distributions from 48% of all distributions in excess of 49.5c per unit per quarter down to 23% of all distributions in excess of the partnership's current quarterly distribution of 54.35c per unit per quarter. As a result, the share of incremental cash available for distribution to holders of Class A common units will increase correspondingly. The restructuring will be effective July 1 and will apply to all distributions declared subsequent to that date.
News For EEP;ENB From The Last 14 Days
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July 31, 2015
07:05 EDTENBEnbridge sees FY15 EPS C$2.05-C$2.35
Sees FY15 cash flow from operations C$3.30-C$4.00.
07:04 EDTENBEnbridge reports Q2 adjusted EPS C$0.60 vs. C$0.40 last year
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July 30, 2015
16:48 EDTEEPEnbridge Energy reports Q2 adjusted EPS 18c, consensus 24c
Reports Q2 revenue $1.31B, consensus $1.63B.
July 29, 2015
19:15 EDTEEPEnbridge Partners says may increase cash distributions to Midcoast Partners
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