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.

TSX:ENS - Post by User

E Split Corp > The dividend effect of Enbridge on ENS .....? .....

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Comment by bbzzzzon May 18, 2022 3:57pm

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Post# 34693495

RE:RE:RE:RE:The dividend effect of Enbridge on ENS .....? .....

Enb has gone ex-dividend as of May 12th with no effect on the share price of Enb . Therefore , the price of Ens was also not affected . Normally the Enb dividend may affect the share price of Enb - the dividend effect .
The dividend of Enb would have had a -1.5% affect on the Nav of Ens . The market forces and investor behaviour resulted in no "dividend effect " . Both Enb and Ens increased in market price after the ex-date .
The discount of Ens may have helped absorb this effect as well as the market forces .

Sorry to delve into the idiosyncratic details of this mutualized relationship . Hope i did not wake anybody up ......zzz ....zzzzzz

Ted

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