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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

Comment by Experiencedon Feb 02, 2024 4:02pm
98 Views
Post# 35860311

RE:Sold some today

RE:Sold some todayObscure...Agreed... I sold a good portion of my holdings as well.  Although, I must admit that wasn't in nearly as deeply as you for reasons that I talked about in earlier posts so it was easier for me to get out.

The price action this afternoon strongly suggests to me that they will be doing a raise early next week unless there is some major development over the weekend which could happen like a significant US military strike in the Middle East which could cause a rethink.

My overall asset allocation remains cautious with a heavier than normal weighting in preferred shares and cash.
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