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 > Another day and no Raise

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Post by Obscure1on Feb 06, 2024 6:31pm

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Post# 35866435

Another day and no Raise

Somebody was dumping again which made the math for a Raise offside for most of the day. With ENB dropping at the end of the day, the metrics are once again in place for another Raise.

The Premium to the NAV ended up at 16.23% which is definitely in the range for a Raise.

I might delve into the intricacy of what it takes for Middlefield to pull the trigger on a Raise, but I doubt anyone here would care.

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