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

E Split Corp > Premium continues to shrink

<< Previous

Bullboard Posts

Next >>

Comment by Experiencedon Jan 05, 2024 7:40pm

53 Views

Post# 35813377

RE:RE:Premium continues to shrink

cttgivy...yes absoluely! Middlefield is in the business of making money. The more they can increase the number of shares outstanding the more they make in management fees. That's why I said to buy when the premium to NAV is low to buy and when it gets in the teens to sell. The math, based on legislation is that once the premium gets close to 20% they will do an overnight equity distribution at a discount to the SP due to legislation. When this happens existing shareholders take it on the chin. If you want to make money here then you need to realize this and gets into Middlefield's rythmn.

<< Previous

Bullboard Posts

Next >>

How a junior advances one of the largest undeveloped diamond projects