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

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Comment by Obscure1on Dec 22, 2021 12:45pm

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Post# 34254961

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 Middlefield website is a sales pitch with virtually no info...I don't attach a lot of value to the options when calculating the NAV

2) Is there a reliable mulitiplier factor to apply to movements in the ENB price to predict the NAV for ENS

TIA

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