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 > has middlefield reduced it position a bit?

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Comment by cttglvron Jun 05, 2024 9:08pm

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Post# 36074317

RE:RE:has middlefield reduced it position a bit?

Good post. Nothing wrong with owning the just the company common shares.

If you're neutral or less risk tolerant it may be better to stay away from leveraged ETF's. It all boils down to what the individual is comfortable with.

If you're very bullish on a company and there is an ETF that offers considerable upside with leverage and over 13% distribution that is for more risk tolerant investors. I have been in and out of ENS the last few years but right now I;m overweight. Maybe I'm correct and maybe not. Time will tell.

Obscure1 and others have posted the bullish case for Enbridge. I'm in that camp but realize ENS is not a "buy and hold". It is just a trading instrument to get leverage and a great distribution.

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