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 > One more thought

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Post by Obscure1on Aug 13, 2024 12:09pm

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Post# 36176695

One more thought

since I seem to have diarrhea of the keyboard today.

If ENS was trading at a 10% Premium to the NAV like normal, the share price of ENS would be around $14.

For some people here, that would be a good thing. Personally, I hope to add to my ENS position so the lower the price, the better I like it. If the ENS share price shoots back up to the $14 to $16 range, then I would have to start thinking again. God forbid!

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