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.

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E Split Corp > Risk of a Raise this week is low

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Comment by cttglvron Apr 05, 2024 8:43pm

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RE:RE:Risk of a Raise this week is low

Many of us lurking in the shadows listening to crickets :). Not much action for Enbridge stock although it is holding up better than other Utility stocks. Middlefield had the NAV of ENS at $10.94 as of the close yesterday. With the drop in ENB today using Obscures theory the NAV at the close today should be about $10.83. I'm not sure why ENS popped today but I think with a premium of about 10% the chance of a Middlefield share issue are very remote...unless ENS goes quite a bit higher or ENB continues to fall to around $46.00.

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