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 > Got my interest

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Comment by ANALOG GUYon May 20, 2024 10:12am

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Post# 36048613

RE:Got my interest

Doing some DD

2 years ago ENS was $16.50, ENB was $57.50

Today ENS is down 29%, ENB is down 13%

ENS has done 4 Overnight Equity raises in the last 10 months , Yikes

More shares = more lucrative fees for Middlefield

Supply and Demand.....And there seems to be an endless supply

Nonetheless, assuming they are done with the Equity Raises ....... leaning towards starting a position tomorrow