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.

TSX:ENS - Post by User

E Split Corp > ENS goes from scary to a bargoon in two days

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Comment by Experiencedon Apr 20, 2024 9:30am

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Post# 35999441

RE:RE:ENS goes from scary to a bargoon in two days

ct....you kinda answered your own question with your post

The disparity between the price action is reflective of the high premium that retail investors had assigned to ENS and then got worried about it since it could result in a raise by Middlefield. So there was enough selling pressure to offset what would otherwise have been a great up day for ENS.

This is in part why I am not a fan of buying splits when the premium is high. I suspect that if we hadn't seen such a good day for ENB, the SP of ENS would have fallen by quite a bit.

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