E Split Corp ENSPF

Primary Symbol: T.ENS Alternate Symbol(s): 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 > Interpretations of Splits ......we all have one .

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Comment by Obscure1on Jan 31, 2022 9:12pm

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Post# 34382805

RE:Interpretations of Splits ......we all have one .

Tax treatment of option writing: https://www.fidelity.com/learning-center/investment-products/options/tax-implications-covered-calls

The IR guy at Middlefield told me that they do not do much in the way of covered call writing.

ENS treats outgoing dividend payments in regards to the NAV on the Record Date which makes sense. The market price of ENS typically refects the payment on the Ex-Dividend Date.

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