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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

Comment by Obscure1on May 21, 2024 1:42pm
164 Views
Post# 36050373

RE:RE:Got my interest

RE:RE:Got my interest Middlefield has to play by the rules, which they do.  Blaming them for playing by the rules is like blaming a shark for being a shark. 

If investors pay too much for ENS shares because they are hungry for the high yield, they do so at their own peril. 

At the time that I'm writing this, ENS is trading at a 2% discount to the NAV.

The dsicount won't last for long as it is inevitable that ENB will pull the trigger on its at-the-market offering which will create an inevitable dip in the ENB share price.  Sleepy ENS investors won't pay attention to drop in the ENB share price which will cause the Premium to the NAV to shoot back up.  

I intend collect the ENS divi while waiting for ENB to announce its deal. When the ENB deal is announced, I will be buying the ENB dip. 
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