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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 ecolo101on Jul 18, 2024 4:06pm
88 Views
Post# 36139008

RE:Request Help from Experts ATM vs Bought Deal Shares

RE:Request Help from Experts ATM vs Bought Deal SharesPossible interest rate cut in Canada next week could also help them.
I do not this way of doing but I thought that a group of bankers needed to commit to the new shares at a given price. This is maybe not done yet.
face value  becomes the key to secure the deal because They resell the shares to their customers.

time will tell I guess. But you are right stock price does not have the traction for current recent market bull over the last week.

i am building a small position here slowly as it will come up if ENb goes up and it will pay a nice dividend.
MY AVG IS NOW AT 11.30. Hoping for the best and collecting monthly doing so.

glta.
dyodd

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