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 > Middlefield has likely reinvested the divi by now

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Comment by Experiencedon Jun 10, 2024 3:44pm

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RE:Middlefield has likely reinvested the divi by now

Thanks for the info Obscure..

I plan to closely keep an eye on ENS as I don't currently hold a full position in it.

I agree that the odds of a dip on the day of the ENB announcement is highly probable and that would likely be an opportune time to buy more assuming of course that the market as a whole doesn't do something silly in the meantime. I would fully expect that based on the earlier ENB announcement and past experience on such things over the years that the pricing will be at a slight discount to the market price of the day before the announcement. That said, given that the deal seems to be accretive, the SP of ENB would likely rebound quite nicely which of course helps ENS.

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