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E Split Corp T.ENS

Alternate Symbol(s):  ENSRF | T.ENS.PR.A

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

Comment by Experiencedon Jun 27, 2024 4:00pm
45 Views
Post# 36109571

RE:RE:RE:Added 5,000 shares this morning

RE:RE:RE:Added 5,000 shares this morninglol....with all due respect Obscure -  buying a leveraged investment and one where you need to keep track of the premium to NAV in case the fund manager does a raise at a discount to the SP is hardly a "set it and forget it "stock in my books.

Frankly buying an ENB preferred at the peak of an interest rate cycle just after they set the dividend (at the peak) for another 5 years is more in my books as a set it and forget it....but hey each to their own as they say.

In the meantime looks a good move buying yesterday at 11.06.
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