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

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

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Comment by cttglvron Apr 21, 2024 9:28pm

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Post# 36000577

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

If you don't mind I have a couple of questions for Ex and Ob.

1. ENS.PR.A traded triple the average number of shares closing up 6 cents at $9.88 Friday. It did trade as high as $10.00 which would have been an 18 cent gain (almost 2% if it had held). Why was there such a disparity between the commons and the preferreds? They both got hit during the raise but there was no love for the commons even with the nice gain in Enbridge shares while there was demand for the preferreds.

2. Friday was options expiration day. Many bond proxy stocks did well especially Enbridge while Tech sold off. From all your years of experience if a stock or a type of stocks (eg Utilities) have an above average performance on options expiration day does that portend more gains in the short/medium term or doesn't it matter?

Thanks in advance.

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