Bullboard - Stock Discussion Forum 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... see more

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TSX:ENS - Post Discussion

E Split Corp > Footnote

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Post by Obscure1 on Oct 31, 2023 12:18pm

Footnote

In a perfectly efficient market, the share price of ENS should be up about $0.16 at the moment but it is only up $0.02. The discrepancy is not a buying opportunity because the market has already priced in a drop of $0.13 in the NAV that will be reflected tomorrow.

I apologize if all of this "over" analysis is tedious for you. I don't read things that don't interest me so I assume others do the same.

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Comment by TakingStock on Nov 04, 2023 12:37am

You were wrong

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Comment by Obscure1 on Nov 04, 2023 1:00pm

How was I wrong? The appearance of a one day discrepancy was not a buyihng opportunity because the $0.13 drop in the NAV was reflected the next day on the Record Date. The fact that the price of ENB went up the next day (which increased the NAV) is a separate issue. If the ENB price had dropped the next day, the NAV would have reflected both the $0.13 decrease due to the dividend ...more

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E Split Corp