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 > keep an eye on the Prefs

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Comment by Experiencedon Jul 10, 2024 8:02am

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Post# 36125896

RE:RE:RE:RE:RE:keep an eye on the Prefs

Ct......agreed

How they proceed will depend on a decision made by the CFO looking at the capital structure of the company and discussions with their bankers and financial advisors regarding financing costs.

lol....out of total self interest.....lol....I would prefer straight a equity issue as this would maximize a round trip of selling my prefs and buying ENS or ENB and reloading the prefs after a rebound in the SP of ENS or ENB

If that math doesn't work, I am happy to hold my prefs as this provides a low risk above market return over the next year or so.

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