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 > The limited upside potential of the Prefs

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Comment by Obscure1on Jul 11, 2024 9:12am

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Post# 36128002

RE:RE:The limited upside potential of the Prefs

I was referring to the ENS Prefs. By nature, Splits are a different animal because of the built-in termination overhang. The ENS Prefs are a good investment imo because of the incredible security offered by the preference over the commons which basically gives them "double insurance" against any possible demise in ENB

Great grab on the high yield ENB Prefs. Timing is everything when it comes to most things in life.

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