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

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Comment by Experiencedon Dec 11, 2023 11:16am

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Post# 35777848

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

Puma..

While I don't invest in splits to a large extent, when I do I feel more comfortable buying splits that are trading at a discount to NAV as opposed to a premium. This provides a certain amount of downside protection compared to those trading at significant premiums.

When I do buy (not invest...lol), I am nore focussed on a short term capital apprciation as opposed to buying for the yield whereas most seem to buy splts for the yield. In this vein, since last August I did four roundtrips on LCS.

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