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 > Playing the ENB ex-dividend

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Comment by Puma1backon Feb 01, 2024 6:46pm

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Post# 35858362

RE:RE:RE:Playing the ENB ex-dividend

They should be accruing the dividend from ENB in the declaration month whereas the receipt month is the month following. As such, that actual receipt should be a non-event given they determine the NAV daily.

Obscure1 wrote: "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.