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 > Life in a rabbit hole

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Comment by Experiencedon Feb 12, 2024 11:24am

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Post# 35875536

RE:Life in a rabbit hole

Obscure...nice analysis as usual

Seems you agree with my earlier post that Middlefield didn't do the raise because there wasn't enough investor interest to do an overnight raise....nothing to do with the math.

As for the rest, I will stick to my usual "back of the envelope" approach and keep things simple. For splits I only buy them when the premium is very low single digits or negative and sell when the premium is high (read mid teens).

So right now, I am not invested in ENS but will sit on my perch and buy when my "envelope" shows a low premium. If that doesn't happen then that's fine. There are many other place for my money to work.

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