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 > Will the ex dividend date on ENB be neutral.

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Post by bbzzzzon Feb 14, 2024 11:19am

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Post# 35879789

Will the ex dividend date on ENB be neutral.

on the NAV of ENS .

Enb drops to accommodate the dividend to be paid by. 91 $ and ENS nav should reflect the same amount. But, then ENS nav gains the amount of the dividend therefore a neutral effect.
The total nav of Ens should be the same after the exdate.

Any thoughts on this......

Tedz

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