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 > Will the ex dividend date on ENB be neutral.

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Post by bbzzzz on Feb 14, 2024 11:19am

Will the ex dividend date on ENB be neutral.

on the NAV of ENS .

Enb drops to accommodate the dividend to be paid by. 91 $ and ENS nav should reflect the same amount. But, then ENS nav gains the amount of the dividend therefore a neutral effect.
The total nav of Ens should be the same after the exdate.

Any thoughts on this......

Tedz

121

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Comment by Obscure1 on Feb 14, 2024 8:39pm

bbzzzz: My ENS NAV calculation model takes the daily change in the price of ENB and multiplies by 0.44. When ENB goes ex-divi (today), the model adds back in the $0.915 to the real change in the ENB share price before multiplying by 0.44. The 0.44 factor is determined by each ENS Unit owning 0.44 ENB shares. So, your thought process is correct. Since ENB was down NET ...more

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