Bullboard - Stock Discussion Forum 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... see more

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TSX:ENS - Post Discussion

E Split Corp > An ENB Raise could eliminate the current ENS comfort zone

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Post by Obscure1 on May 30, 2024 11:53am

An ENB Raise could eliminate the current ENS comfort zone

The Premium to the ENS Common NAV is only 2% as I write this. That means there is lots of room between where the UNIT NAV is and where the UNIT Market price has to get to before Middlefield pounds us with anther Raise despite the large Premium on the Prefs.

However, WHEN Enbride announces a "bought deal", which will almost certainly drive down the ENB share price, our current comfort zone could disappear in a hurry.

I don't see ENB dropping another $3 per share again this time around as ENB is already down about $2 since the company announced that it had cleared a "at the market financing".

As always, remain alert. Most investors think Split funds are sleepy products. Nothing could be further from the truth.

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Comment by nortbrar on May 31, 2024 1:03am

Thanks for responding to my early query Obscure1. For sure. I understand that you are simply sharing opinions and it is NOT investment advice. I am however interested in your comments. Keep em' coming.

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E Split Corp