Enbridge Income Fund Holdings Inc. and Enbridge Income Fund announced the closing of the acquisition of the 50% interest in the U.S. segment of the Alliance Pipeline and the purchase of Class A Units which provide a defined cash flow stream from the Southern Lights Pipeline by indirect wholly-owned subsidiaries of the Fund for $1.76 billion from indirect wholly-owned subsidiaries of Enbridge Inc. which was previously announced on Sept. 22, 2014.

"We are very pleased to close this transaction and add these desirable assets to our portfolio," said Perry Schuldhaus, the president of the company. "These assets are supported by strong fundamentals and commercial terms, and are ideally suited for our low-risk business model. They bolster and diversify the Fund's future cash flow and generate healthy accretion which supports an immediate 12.1% increase in the dividend."