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 > To buy or not to buy

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Post by oldbrit34on Feb 08, 2024 12:53pm

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Post# 35870353

To buy or not to buy

Looking at the charts $11 looks like a very good entry point. However it is a concern for me that ENB has been making lower highs and lower lows on its charts since the end of May 22. I would like to see a reversal of the lower lows before dipping my toes in. It always bugs me that in this digital age Middlefield cannot release the NAV of ENS on a more regular basis such as weekly. If ENS does get to $11. it will be a 11% pullback whilst at present it is around 7% .

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