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 > Cttglvr

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Comment by Obscure1on Dec 25, 2023 11:02pm

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Post# 35800214

RE:RE:Cttglvr

Experienced:

I don't agree with your evaluation of "worth" in this case.

If I'm faced with buying ENS or ENB where the NAV of ENS is equal to the ENS share price, I would load up on ENS unless I thought the ENB share price was about to take a hit.

ENS' yield is about 65% higher than ENB, about 1/3 of ENS's dividend is tax deferred, ENS pays out monthly which is great for budgeting, and ENS doesn't take a big hit every time it pays out a dividend like ENB invariably does.

A lot of posters belly ache (me included) about the share price of ENS dropping after a Raise, but ENS shareholders only got smacked by 2 Unit Raises in 2023 vs the 4 time ENB shareholders got smacked following its dividend payouts.

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