Enbridge Income Fund

Enbridge Income Fund

March 18, 2005 16:15 ET

Enbridge Income Fund Announces Cash Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ENBRIDGE INCOME FUND

TSX SYMBOL: ENF.UN

MARCH 18, 2005 - 16:15 ET

Enbridge Income Fund Announces Cash Distribution

CALGARY, ALBERTA--(CCNMatthews - March 18, 2005) - Enbridge Income Fund
(TSX:ENF.UN) today announced that a monthly cash distribution, in the
amount of $0.0758333 per ordinary unit, will be paid on April 15, 2005,
to unitholders of record on March 31, 2005. A cash distribution of
$0.0758333 per unit was also declared on the subordinated units of the
Fund and the preferred units of Enbridge Commercial Trust, a subsidiary
entity of the Fund.

Pursuant to the Fund's Distribution Reinvestment and Unit Purchase Plan
(the "Plan"), participants may elect, without brokerage fees, to
automatically reinvest monthly distributions in additional units of the
Fund, and may make optional cash payments of up to $1,000 per month
(subject to a minimum of $100 per month) to purchase additional units of
the Fund. Details of the Plan are available on the Fund's website (see
below). Investors should contact their respective investment dealer to
enroll.

Enbridge Income Fund's ordinary units are listed and trade on the
Toronto Stock Exchange under the symbol "ENF.UN".

Enbridge Income Fund is an unincorporated, open-ended trust created to
provide a stable and sustainable flow of distributable cash to
unitholders. The Fund is a premier income fund in Canada with a low-risk
profile focused on energy pipeline transportation assets. Its assets
include a 50% interest in the Canadian segment of the Alliance Pipeline
and a 100% interest in Enbridge Pipelines (Saskatchewan) Inc.
Information about Enbridge Income Fund is available on the Fund's web
site at www.enbridgeincomefund.com.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Enbridge Income Fund
    Jim Rennie
    Media
    (403) 231-3931
    Email: jim.rennie@enbridge.com
    or
    Enbridge Income Fund
    Robert Rahn
    Investment Community
    (403) 231-7398
    Email: bob.rahn@enbridge.com