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 > Request Help from Experts ATM vs Bought Deal Shares

<< Previous

Bullboard Posts

Next >>

Comment by Experiencedon Jul 19, 2024 8:13pm

106 Views

Post# 36140850

RE:RE:Request Help from Experts ATM vs Bought Deal Shares

Kona...not sure who you are rersponding to

In my response to ct, I was not saying that they were doing it but merely pointing that we would all know after the fact through intelligent reading of the next Q report.

That said, if ENB was doing it, they could sell as little as a million shares a day over two months to get the money they needed. Such volumes are sizable for sure but represent a small fraction of the trading for ENB.

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading