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.

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E Split Corp > Footnote

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Post by Obscure1on Oct 31, 2023 12:18pm

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Post# 35709396

Footnote

In a perfectly efficient market, the share price of ENS should be up about $0.16 at the moment but it is only up $0.02. The discrepancy is not a buying opportunity because the market has already priced in a drop of $0.13 in the NAV that will be reflected tomorrow.

I apologize if all of this "over" analysis is tedious for you. I don't read things that don't interest me so I assume others do the same.

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Mid-year review: How has gold been performing?