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 > The target keeps moving

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Comment by Obscure1on Feb 08, 2024 10:02am

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Post# 35869693

RE:RE:The target keeps moving

Rick: The live Premium to the NAV is 16.65% as I write this but it keeps jumping around as the volatility is higher than normal. At 16.65%, we remain vurnerable to a Raise..

The price of ENS offered to buyers was $0.27 less than the market price for the last Raise. If we use the same $0.27 discount, then the Raise would be done at $11.50 as the current price is $11.77

The price of ENS dipped $0.60 below the last Raise price.

IF, and it is a big if, a Raise gets done at $11.50, I think it is reasonable to speculate that the price of ENS may test $11. You will know what to do.

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