E Split Corp ENSRF

Primary Symbol: T.ENS Alternate Symbol(s): T.ENS.PR.A

The objective of the Class A shares is to provide holders with non-cumulative monthly cash distributions and the opportunity for capital appreciation through exposure to the portfolio. And The investment objectives for the preferred shares is to provide holders with fixed cumulative preferential quarterly cash distributions and return the original issue price of 10.00 Dollars to holders upon maturity. The Company has a portfolio comprised primarily of common shares of Enbridge Inc. Enbridge, a North American oil and gas pipeline, gas processing and natural gas distribution company the Enbridge Common Shares or the Portfolio and intends to purchase Enbridge Common Shares from time to time in the market or through participation in future public offerings by Enbridge. The Advisor believes that the Company offers investors an opportunity to gain exposure to Enbridge, one of the worlds largest energy infrastructure companies.

TSX:ENS - Post by User

E Split Corp > Premium to NAV under 7%

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Comment by cttglvron Dec 22, 2023 8:03pm

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RE:Premium to NAV under 7%

I admit I bought another 500 myself even though I said I was done and at a full position. With the premium greatly reduced it seems like a no brainer. Could you give me your thoughts on a question? Do you feel the relatively poor performance of ENS is due to tax loss selling or overhang from the last share issue and it will take some time for the excess shares to be soaked up? Merry Christmas by the way.

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