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 > Divergence

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Comment by ANALOG GUYon Jun 14, 2024 11:33am

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Post# 36089253

RE:RE:RE:RE:Divergence

Middlefield answered my email

Basically reiterating what experienced said

They can't control the stock price because of people buying above the NAV

Their focus is on the "NAV total return"

May 31 2023 - May 31 2024 that was +13.87%

I think the NAV yesterday was $11.25

ENB tracking lower almost daily

Could be a real buying opportunity coming for ENS

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