Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

E Split Corp ENSPF


Primary Symbol: T.ENS Alternate Symbol(s):  T.ENS.PR.A

Energy Oil & Gas Drilling Oil & Gas Equipment & Services
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
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(157)
•••
Post by Obscure1on May 14, 2024 3:44pm
178 Views
Post# 36039522

ENS NAV still at a discount after expected ENB ex-divi drop

ENS NAV still at a discount after expected ENB ex-divi dropThe share price of ENB has dropped by more than the divi today as expected

ENB is currently trading at $50.55 (down $1.13 made up of $0.915 + $0.22.  The drop is even less than the last time ENB went ex-divi. 

The difference this time around for ENS investors is that in mid Feb 2024, ENS was trading at a 12.36 Premium to the NAV the day before ENS went ex-divi and the Premium ended up at 13.3% on ex-divi day.  This time around, ENS closed yesterday trading at a 2.15% discount to the NAV and is currently still trading at a slight discount of 0.84%.

What does the math mean to ENS shareholders?

Unless the ENB share price suddenly falls off a cliff (very unlikely IMO as I'm expecting ENB to slowly increase over the next year as the Natgas Distribution deal gets folded in) or ENS races upwards by month end in order (which I don't expect) for dividend hunters to grab the monthly payout.  Therefore, I don't think we will be seeing Middlefield torture us with another Raise in the forseeable future. 
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities