@malaparte Enbridge itself doesn't issue a K-1 and I expect that its preferreds don't either. Maybe they did in the past. Enbridge preferreds and common are qualified and do not issue a K1.
Does Enbridge have a K-1?
We like its strong pedigree as well and we own a big stake in its ultimate parent, Enbridge (ENB). It does however issue a K-1, like other MLPs. A better yield, a better price and no K-1
Is Enbridge Energy Partners at a big discount?
Enbridge Energy Partners L.P. trades at a big discount to our intrinsic value of the stock. However a lesser known play with ownership in it trades at an even bigger discount. The icing is that it comes without a K-1!
What tax forms will Enbridge issue to US investors?
Enbridge is a corporation, and as such we expect to issue 1099 tax forms to our U.S. investors. With respect to dividends, Canadian withholding taxes are expected to apply to dividends paid to U.S. shareholders.
Does Enbridge issue a 1099 or k1?
How will any Enbridge dividends be reported? Enbridge stockholders will receive an annual IRS Form 1099-DIV reflecting their dividend income.
Is Enbridge ENB a MLP?
Enbridge Energy Partners, L.P. ("Enbridge Partners" or the "Partnership") is a master limited partnership that trades its Class A common units on the NYSE using ticker symbol EEP.
Is Enbridge Energy an MLP?
Enbridge: Undervalued, With Returns Like An MLP, And No K-1 (NYSE:ENB) | Seeking Alpha.
Does ET issue a K-1?
K-1 TAX INFORMATION FAQ Former ENBL unitholders that received ET units in 2021 via the ET/ENBL merger will receive an ET Schedule K-1 for the 2021 tax year. For tax basis information related to the ET/ENBL merger, or for form 8937, please click here.
Is Enbridge Inc a limited partnership?
Enbridge is a corporation, not a limited partnership.
What type of company is Enbridge?
energy infrastructure companyEstablished in 1949, Enbridge is North America's premier energy infrastructure company, and exists to fuel people's quality of life.
Is ENB a stock or MLP?
Enbridge Inc. is not an MLP, but rather a C-Corp whose common shares trade under the symbol “ENB” on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE).
Who owns Enbridge Canada?
Enbridge's pipelines transport 20% of the natural gas consumed in the United States. It owns and operates Canada's largest natural gas distribution network, providing distribution services in Ontario and Quebec. Union Gas in Ontario now fully operates under Enbridge Gas Inc....Enbridge.TypePublicWebsitewww.enbridge.com15 more rows
Who owns Enbridge?
Top 10 Owners of Enbridge IncStockholderStakeShares ownedRBC Global Asset Management, Inc.5.81%117,716,337BMO Asset Management, Inc.2.50%50,742,080GQG Partners LLC2.35%47,579,706The Vanguard Group, Inc.2.30%46,535,1056 more rows
Does EPD generate a k-1?
EPD does issue a K-1 tax form. Some investors may have extensive experience in K-1 tax filing and thus may not find it an issue, but others might find the hassle yet another reason to avoid buying EPD.
Who has to file k2?
For tax years beginning in 2021, a partnership must file Schedule K-2 (partners' total international distributive share items) and Schedule K-3 (partner's share of international income, deductions, credits, etc.), if the partnership has relevant international tax items.
How do I get a copy of my K-1?
Where can I find a sample K-1 tax form? You can download a sample copy of Schedule K-1 (Form 1065) from the IRS. But you'll probably receive a copy of Schedule K-1 around tax time from your accountant or whoever is responsible for filing your partnership's Form 1065.
A true fallen angel
EEP currently trades at under 9X adjusted funds from operations for 2018. In the MLP sector there are no stocks that we could find that have such a low valuation alongside exceptional stability of revenue stream and low commodity price exposure.
A better yield, a better price and no K-1
While EEP is a great play and we created a nice 20.97% yield on it, we did find what was, and we kid you not, a superior alternative: Enbridge Energy Company Inc ( EEQ ).
Conclusion
EEQ represents a great way to get an almost 10% yield from stable cash flows from the MLP sector and at the same time dodge the K-1 complications. It is quite unknown and does not show up as a high-yielder in all stock screeners we tested. Y-charts also does not calculate the distributions paid in kind for EEQ and gives it a resounding 0% yield.