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 > ENS price is really sticky

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Comment by Obscure1on Jan 10, 2024 10:07pm

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Post# 35820690

RE:RE:ENS price is really sticky

Trading the Premium can work, but focusing solely on the Premium is a bit like the tail wagging the dog.

ENS investors that were buying ENS in the mid $10's in October (myself included) at Premiums of 13% to 15% are not too concerned with the higher Premium that we paid as the share price is up 15% despite the Raise and the drop in the Premium.

The performance of ENS is a leverage play on the performance of ENB. Everything else is a side dish.

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