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Press release from Marketwire

Enbridge Income Fund Announces Cash Distribution

Tuesday, November 30, 2010

Enbridge Income Fund Announces Cash Distribution16:15 EST Tuesday, November 30, 2010CALGARY, ALBERTA--(Marketwire - Nov. 30, 2010) - Enbridge Income Fund (TSX:ENF.UN) (the "Fund") today announced that a monthly cash distribution in the amount of $0.096 per trust unit of the Fund will be paid on January 15, 2011 to unitholders of record on December 14, 2010. A cash distribution of $0.096 per unit was also declared on the preferred units of Enbridge Commercial Trust, a subsidiary entity of the Fund.This will be the last monthly cash distribution to unitholders prior to the restructuring of the Fund, expected to take effect December 15, 2010, after which the public's interest in the Fund will be held through Enbridge Income Fund Holdings Inc. ("EIFH"). EIFH will adopt a quarterly dividend payout policy and expects to pay dividends at the same annual rate as the current distribution of the Fund. The first quarterly dividend is anticipated to be paid on April 15, 2011 to shareholders of record on March 31, 2011.The Fund has provided additional information regarding the restructuring as well as information relating to the tax implications of the restructuring on certain unitholders on its web site www.enbridgeincomefund.com. A tax preparation tool for eligible unitholders will be added to the web site after completion of the restructuring.EIFH intends to implement a Dividend Reinvestment Plan ("DRIP") similar to that of the Fund whereby participants may elect, without brokerage fees, to automatically reinvest their quarterly dividends in additional EIFH shares. Unitholders currently participating in the Fund's DRIP will automatically be enrolled in the EIFH DRIP. Details of the Fund's DRIP are available on the Fund's web site. Investors should contact their respective investment dealer to enroll if they are not currently enrolled in the Fund's DRIP.The Fund's trust units are listed and traded on the Toronto Stock Exchange ("TSX") under the symbol "ENF.UN". The TSX has conditionally approved, subject to the filing of final documentation, the substitutional listing of the EIFH common shares under the symbol "ENF" following completion of the restructuring. Upon listing of the EIFH common shares, the Fund's trust units will be delisted.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 infrastructure assets. It owns a 50% interest in the Canadian segment of the Alliance Pipeline, a 100% interest in Enbridge Pipelines (Saskatchewan) Inc., and a 50% interest in NRGreen Power Limited Partnership, which operates electrical generation facilities using waste heat, and holds interests in three wind power projects in Western Canada. Effective December 15, 2010, units of Enbridge Income Fund held by the public will be exchanged, on a one for one basis, for shares of Enbridge Income Fund Holdings Inc., a taxable Canadian corporation. Information about Enbridge Income Fund and its planned restructuring is available on the Fund's web site at www.enbridgeincomefund.com.FOR FURTHER INFORMATION PLEASE CONTACT: Jennifer VareyEnbridge Income FundMedia(403) 508-6563jennifer.varey@enbridge.comORPatrick MurrayEnbridge Income FundInvestment Community(403) 508-3136patrick.murray@enbridge.comwww.enbridgeincomefund.com