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.

TSX:ENS - Post by User

E Split Corp > Last Real Time NAV update: $15.04

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Comment by cttglvron Feb 15, 2022 11:38am

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RE:Last Real Time NAV update: $15.04

I too appreciate the work you have put in to enlighten us about ENS.

I have a question that maybe you could give me your 2 cents. I own Enbridge common shares and have for years. Once again I didn't sell before ex dividend and once again kicking myself. I still can't understand the huge drop every time. Middlefield just posted the NAV from last Friday as $15.91.The NAV will be less after yesterdays drop in ENB of course. What are your thoughts on selling ENB commons and buy a like dollar amount of ENS since it's trading below NAV but will still track ENB?

I am retired and looking for income. Enbridge commons are about 6% of my holdings. Thanks in advance.

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