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

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Post by Obscure1on Oct 09, 2023 9:21pm

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Post# 35676367

Live NAV

The Expected NAV from last Friday is $9.29

Today, ENB was up $0.55 in the States = Cdn$0.74. Applying a 0.44 factor to the change in the price of ENB generates an Expected increse in the NAV of $0.33 from Friday's close, so the Live NAV should theoretically be $9.62.

Trying to extrapolate a move in the price from the States on a day when the TSX is closed never works but at least we have a direction.

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