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 > Playing the ENB ex-dividend

<< Previous

Bullboard Posts

Next >>

Comment by Obscure1on Feb 01, 2024 12:29pm

98 Views

Post# 35857354

RE:RE:Playing the ENB ex-dividend

"Does the NAV of ENS go up after March 1 when the ENB dividends are paid out or is the dividend irrevelant to ENS NAV and solely based on the price of Enbridge shares."

Great question.

Based upon the fact that the Unit NAV consists of all assets, one would think that the actual infusion of cash from the ENB dividend would increase the NAV on the payment date. However, I don't see any evidence of that in the past. Weird. I have to think about that.

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading