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 > As tempting as it is, be careful buying ENS now

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Comment by Experiencedon Jun 19, 2024 3:06pm

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Post# 36096486

RE:As tempting as it is, be careful buying ENS now

Thanks Obscure - good point

As mentioned earlier, I do hold ENS but don't have a full position. I must admit that I have had the finger on the buy button a few times but have resisted the temptation.

One of the things that has been holding me back not only here but elsewhere is the fact that the June 24 date for the increase in capital gains taxes is approaching. We have seen in the last few trading days a divergence between the US and CAD markets. Is this because of selling into June 24? Dunno but it could be and if so then there will be cash around to buy some things next week.

Will wait and see how this plays out.

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