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 > Got my interest

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Post by ANALOG GUY on May 17, 2024 7:57pm

Got my interest

Stumbled on this stock today

Never heard of a split fund with only 1 holding but I guess ENB is as good as any

I hold a fair bit in Preferred split shares but no Class A shares

Started paying .13/mo in July 2019 and has never missed a dividend?

Share price fell with ENB starting last June

ENB has recovered from $42 but ENS is lagging by quite a bit

Yielding 13.2%

Hummm, I might need some next week

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Comment by ANALOG GUY on May 20, 2024 10:12am

Doing some DD 2 years ago ENS was $16.50, ENB was $57.50 Today ENS is down 29%, ENB is down 13% ENS has done 4 Overnight Equity raises in the last 10 months , Yikes More shares = more lucrative fees for Middlefield Supply and Demand.....And there seems to be an endless supply Nonetheless, assuming they are done with the Equity Raises ....... leaning towards ...more

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Comment by Obscure1 on May 21, 2024 1:42pm

Middlefield has to play by the rules, which they do. Blaming them for playing by the rules is like blaming a shark for being a shark. If investors pay too much for ENS shares because they are hungry for the high yield, they do so at their own peril. At the time that I'm writing this, ENS is trading at a 2% discount to the NAV. The dsicount won't last for long as it is ...more

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