Enbridge Income Fund shareholders have approved the acquisition of Enbridge's Canadian Liquids Pipelines business and certain Canadian renewable energy assets.

The assets in the Canadian Liquids Pipelines business are comprised of the Canadian portion of the Enbridge Mainline system and the Alberta Regional oil sands system and include $13 billion in secured growth capital.

"The shareholder vote reflects overwhelming support for the Transaction and will enable the Company and the Fund to move forward in acquiring the Canadian portion of the most strategic liquids pipeline asset portfolio in North America," said Company President Perry Schuldhaus. "The acquisition will transform the Fund into a premier energy infrastructure entity and provide visible growth and significant value for shareholders, delivering an anticipated 10 percent dividend increase on closing. A further 10 percent increase is expected at the beginning of 2016 and each year thereafter through 2019."

As the Fund expects to be in receipt of all regulatory and third party consents shortly, closing of the Transaction is expected to occur on September 1, 2015.