E Split Corp T.ENS

Alternate Symbol(s): ENSPF | 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.

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E Split Corp > The leverage factor

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Post by Obscure1on Dec 23, 2021 4:13pm

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Post# 34259234

The leverage factor

The IR person at Middlefield called me back this afternoon and answered a few questions.

The fund was designed to have a leverage factor of 1.8. That means if ENB shares go up (or down) 1%, then the NAV of ENS should go up (or down) 1.8% plus or minus, depending upon variables such as the size of their cash position and options outstanding.

BTW, the ENS fund is their fastest growing and now their biggest fund which is held primarily by retail holders.

Oh boy, this is going to be fun.

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