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 > New rules for settlement dates

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Post by Obscure1on May 30, 2024 10:56am

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Post# 36064398

New rules for settlement dates

The rules for the settlement date for stocks changed from 2 days to 1 day this week.

Therefore, as of this month, the ex-divi date and the record date are now the same. As such, holders of ENS at the close of business today will receive the divi for May.

The Settlement Date changed from 5 days to 3 days in 1993. Then to 2 days in 2017. As of this week, it is 1 day. That is technology for ya!

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