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 > Footnote

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Comment by Obscure1on Nov 04, 2023 1:00pm

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Post# 35717471

RE:RE:Footnote

How was I wrong?

The appearance of a one day discrepancy was not a buyihng opportunity because the $0.13 drop in the NAV was reflected the next day on the Record Date.

The fact that the price of ENB went up the next day (which increased the NAV) is a separate issue.

If the ENB price had dropped the next day, the NAV would have reflected both the $0.13 decrease due to the dividend AND the decrease in the ENB share price.

I will discuss the "buying opportunity" in a follow up post

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