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 > Happy 2024

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Comment by Puma1backon Jan 02, 2024 6:16pm

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Post# 35807855

RE:Happy 2024

have you factored in the capital raise and presumably larger holding of ENB shares in that NAV or the old disclosures?

Obscure1 wrote: ENB is up .47 while ENS is flat on the day. That makes the Live NAV $11.12 at the time I'm writing this which means the premium is 8.09%.

If you agree with me that the ENB share price is likely to go higher this year, this looks like a pretty good entry point. If you think ENB share price is going to back off, stay away from ENS until you think ENB has bottomed