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 > Picking away at ENS

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Post by Obscure1on Sep 26, 2023 1:15pm

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Post# 35654944

Picking away at ENS

I have been selling off my overnight cash position (TDB8150 yielding 4.55%) to buy ENS since last Thursday.

I'm pretty happy to be holding ENS yielding 12.6% based upon my $12.35 cost base. At my age, 12.6% is good enough.

I'm not in love with ENB ever since they lowered the guidance to a range of 5% to 7% growth about 3 years ago. However, the risk/reward ration of owning the common shares is worth it imo

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