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 Puma1backon Dec 10, 2023 2:21pm

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Post# 35776959

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

The significant price decline below the nav issue price of the additional commons is consistent with some earlier placements but doesn't make sense to me unless the market thinks they are going to pay too much for additional enb stock?

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