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.

TSX:ENS - Post by User

E Split Corp > ENS price is really sticky

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Post by Obscure1on Jan 09, 2024 7:37pm

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Post# 35818459

ENS price is really sticky

The share price of ENS has been trading around $12 for 3 months following the dip in late September/early October.

ENB has been rising steadily since it dipped in early September following the announcement of hte Dominion Energy acquistion.

With ENB rising and ENS holding, the Premium to the NAV had dropped to 3%.

ENB got punched in the face a bit today but ENS was only down marginally. As a result, the Premium to the NAV is now over 5%, which is still a bargoon imo.

Eventually, the share price of ENS will have to follow ENB, whether it be up or down but for now, there seems to be very little appetite to buy or sell ENS. I'm ok with that as a 13% yield on an investment that lets you breathe. .

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