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E Split Corp T.ENS.PR.A


Primary Symbol: T.ENS Alternate Symbol(s):  ENSRF

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

Comment by Obscure1on Oct 01, 2023 8:48pm
80 Views
Post# 35664337

RE:Link to Middlefield ENS NAV updated each business day

RE:Link to Middlefield ENS NAV updated each business dayI check out that site every day but I suspect many will be grateful for the link that you provided. 

I keep track on a LIVE basis as the relationship between the LIVE NAV and the share price often get out of kilter during the day.  The share price typically catches up later the next day after Middlefield posts the daily NAV. 

I think I posted this before, but in case you missed it, it is easy to calculate the LIVE NAV of ENS.  Simply multiply the daily change in the price of ENB by 0.44 and add the product to the previously stated NAV for ENS.  You have to deduct $0.01 from the NAV each Monday to accomodate for the dividend payable to the Prefs every three months ($0.13 per share every 13 weeks).

It is nice to see others posting here now.  Before I started posting recently, it had been 2 1/2 weeks between posts and 2 1/2 months from the post before that one. 

We all have something to contribute.

Ted Lasso recently quoted Walt Whitman when he was about to defeat Rupert in darts at the pub when he said " Be curious, not judgemental".  Words to live by. 



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