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.

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E Split Corp

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Post by Obscure1on Jan 04, 2024 11:34am

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Post# 35810558

Premium to NAV continues to tighten

At the time of this post:

ENB = $49.03......yield 7.51%
ENS = $12.07......yield 12.96% (73% higher yield than ENB)
Live NAV = $11.63
Premium to NAV = 5.05%

The spring continues to tighten for ENS as the market doesn't seem to have an appetite for it.

Added another 6,000 yesterday at $12.04.

ENB would have to drop by $15 per share and stay there for the ENS divi to be at risk.

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