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.

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E Split Corp > Understanding the ENB share price wave

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Comment by cttglvron Aug 07, 2024 9:12pm

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Post# 36168723

RE:Understanding the ENB share price wave

Thanks for the detailed reply Obscure1. I guess we'll have to wait for the ex-dividend date next week to see how much Enbridge drops and in turn how much it affects ENS.

That said something stinks about the way ENS is trading. I still think one or more of the underwriters got stuck with a bunch of shares they couldn't dump on the sheep and have been forced to sell into a fairly illiquid ENS market over the past few months. 4.5 million new ENS shares would take them a while.

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