Enhanced Investments - Financial Portal

Published: 2021-05-07

ENBRIDGE GAS INC.
	Supplemental Financial Information (unaudited)
	Exhibit to the Consolidated Financial Statements
Earnings Coverage Ratio
		The following earnings coverage ratio for Enbridge Gas Inc. (the Company) has been calculated on a consolidated basis for the 12 month period ended March 31, 2021 and is derived from unaudited financial information prepared in accordance with generally accepted accounting principles in the United States of America (US GAAP).
		The earnings coverage ratio gives pro forma effect to the issuance or repayment by the Company, from time to time, of debt. The earnings coverage ratio for the 12 month period ended March 31, 2021 includes pro forma effect of the early redemption on May 3, 2021 of medium-term notes, maturing on June 2, 2021, in the principal amount of $200 million. These notes were redeemed at par and bore interest at a rate of 2.76% per annum.
		Adjustments for normal course issuances and repayments of debt subsequent to March 31, 2021 would not materially affect the ratio and, as a result, have not been made. The earnings coverage ratio set forth below does not purport to be indicative of the earnings coverage ratio for any future periods.
			Twelve Month Period Ended
				March 31, 2021
		Earnings coverage1			2.4 times
		1 Earnings coverage is calculated as earnings before interest and income taxes divided by the sum of interest expense and
		capitalized interest.
		The Company evaluates its performance using a variety of measures. The earnings coverage ratio discussed above is not defined under US GAAP and, therefore, should not be considered in isolation or as an alternative to, or more meaningful than, earnings as determined in accordance with U
				S GAAP as
		an indicator of the Company's financial performance or liquidity. This measure is not necessarily comparable to a similarly titled measure of another company.
		The Company’s interest requirements amounted to approximately $406 million for the 12 month period ended March 31, 2021. The Company’s earnings before interest and income taxes for the 12 month period ended March 31, 2021 were approximately $966 million, which is 2.4 times the Company’s interest requirements for this period.

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.