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 > How to calculate the premium or discount on ENS or any Split

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Comment by Experiencedon Dec 07, 2023 1:37pm

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Post# 35773451

RE:RE:How to calculate the premium or discount on ENS or any Split

Puma...good point

That is why the calculation to determine whether there is a payout or not on the commons is based on the NAV- 10- any outstanding dividends payments. For most splits, this number needs to exceed $5.

The calculation of premium to NAV for the commons is calculated comparing the SP to the result of the above calculation.

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