Bullboard - Stock Discussion Forum E Split Corp T.ENS

Alternate Symbol(s): T.ENS.PR.A | 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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Post by Obscure1on Dec 23, 2021 4:13pm

The leverage factor

The IR person at Middlefield called me back this afternoon and answered a few questions. The fund was designed to have a leverage factor of 1.8. That means if ENB shares go up (or down) 1 ...more

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Discussion

Comment by Obscure1on Dec 23, 2021 12:30pm

RE:Premium to NAV Drops to 5%, Yield Advantage Rises to 4.3%

Thanks PoS I started tracking the daily changes in ENB and ENS and the NAV for ENS this week now that I own shares of ENS. It looks like temporary inefficiencies in the market appear occasionally ...more

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Comment by pjn0987654321on Dec 22, 2021 2:10pm

RE:RE:RE:RE:Premium to NAV Sinks Below 9% and Yield Advantage Tops 4%

I think it would have to be as of the date they give or they would say otherwise. Should be very close anyway. But, I don't know.

Discussion

Comment by Obscure1on Dec 22, 2021 1:47pm

RE:RE:RE:Premium to NAV Sinks Below 9% and Yield Advantage Tops 4%

Thanks pjn: I actually asked the wrong question as I saw the updated NAV on the site. What I should have asked is: Which day does the reported NAV reflect? ie: Does the DEC 21 NAV ...more

Discussion

Comment by pjn0987654321on Dec 22, 2021 1:25pm

RE:RE:Premium to NAV Sinks Below 9% and Yield Advantage Tops 4%

The NAV can be seen at https://www.middlefield.com/espc08.htm I do not know of a multiplier factor between ENB and ENS.

Discussion

Comment by Obscure1on Dec 22, 2021 12:45pm

RE:Premium to NAV Sinks Below 9% and Yield Advantage Tops 4%

Newbie to ENS as I converted some ENB to ENS yesterday. Couple of questions to those that follow ENS closely: 1) How do you calculate the NAV....it should be easy with only 1 security but the ...more

Discussion

Comment by Golfermanon Dec 20, 2021 6:44pm

RE:Premium to NAV Sinks Below 9% and Yield Advantage Tops 4%

Good point..... took a large position today.... I believe this is a great entry point.... SPX hit support today and futures are bouncing hard after hours ..... looking now for a run to 4,900

Discussion

Comment by Kylemcc10on Dec 20, 2021 2:36pm

RE:Looks like they are paying the Div's out of New Offerings

They're taking advantage of a massive premium it's not really a mystery

Discussion

Post by Betteryear2on Dec 20, 2021 12:55pm

Completes Overnight Offering

Not for distribution to U.S. Newswire Services or for dissemination in the United States. TORONTO, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Middlefield Group, on behalf of E Split Corp. (TSX: ENS and ...more

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Post by Quintessential1on Dec 19, 2021 9:43am

Windup date?

Is there a windup date for this corp?

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Comment by BlueGuitar1on Dec 16, 2021 9:54am

RE:Have Investors Gotten the Message From ENS?

If management doesn't think their product is worth the premium, then that is really dumb. A lot of investors were willing to buy the offering at $15, and prior to that, $15.50, so obviously ...more

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Comment by 123600on Dec 14, 2021 2:22pm

RE:ENS Premium to NAV Drops to 15% After Offering

Do these overnighters do anything for the A shareholders. does it increase the AFFO so dividends might be increasd or only increase the fees to the manager because of increasd AUM and ...more

Discussion