Enbridge Income Fund Closes $500 Million Debt Offering

Enbridge Income Fund Closes $500 Million Debt Offering 
CALGARY, ALBERTA -- (Marketwire) -- 12/14/12 -- Enbridge Income Fund
(the "Fund") announced today that it has closed a $500 million
offering of medium term notes comprised of $225 million of 2.92%
5-year notes and $275 million of 3.94% 10-year notes. 
The net proceeds of the offering, together with cash on hand and
draws on the Fund's committed credit facility, have been used by the
Fund to fully repay the 5%, $582 million loan advanced by Enbridge
Inc. (TSX:ENB) (NYSE:ENB) on December 10, 2012, to partially finance
a $1.164 billion acquisition of crude oil storage and renewable power
generation assets by indirect wholly-owned subsidiaries of the Fund
(the "Transaction").  
Additional information with respect to the Transaction can be found
in the Fund's public filings including news releases issued on
October 25, 2012 and December 10, 2012. 
About Enbridge Income Fund  
Enbridge Income Fund (the Fund) is an unincorporated, open-ended
trust created to provide a stable and sustainable flow of
distributable cash to unitholders. The Fund, with an enterprise value
approaching $5 billion, owns assets that include crude oil gathering
pipelines in Saskatchewan and Manitoba and crude oil storage
terminals and caverns near Hardisty, Alberta, as well as interests in
renewable and alternative power generation assets in Alberta,
Saskatchewan and Ontario with a combined capacity of 524 megawatts
(MW). The Fund also holds a 50% interest in the Canadian segment of
the Alliance Pipeline that transports high-energy natural gas from
northeastern British Columbia and northwestern Alberta to delivery
points near Chicago, Illinois. Public investment in the Fund is
available through Enbridge Income Fund Holdings Inc. (the Company).
The Company is a publicly traded corporation that has a 38.5%
economic interest in the Fund. The Company trades on the Toronto
Stock Exchange under the symbol "ENF". Further information about
Enbridge Income Fund and Enbridge Income Fund Holdings Inc. is
available at www.enbridgeincomefund.com. 
Contacts:
Enbridge Income Fund
Media
Jennifer Varey
(888) 992-0997/(403) 508-6563
jennifer.varey@enbridge.com 
Enbridge Income Fund
Investment Community
Teri Majer
(403) 508-3185
teri.majer@enbridge.com
www.enbridgeincomefund.com
 
 
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