Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by Experiencedon Aug 22, 2024 11:03am
102 Views
Post# 36191796

RE:RE:RE:Middlefield's next play

RE:RE:RE:Middlefield's next playGanyman....Agree that Middlefield would like a return to trading at a premium to NAV and a big enough premium to that they could do a raise and at the same not violate regulatory rules.  Frankly, I would cheering for that happen as I would then take profits and wait for the SP drop post an overnight offering to reload.

That said and in line with an earlier post, Middlefield IMO isn't a big player in the daily trading of ENS despite the fact that there aren't a lot of shares being traded each day.  As such I don't see them influencing the SP and frankly, to your point (and others here) if they were they are being singularly unsuccessful.  It would be their interest to get the price up to the magic premium number to do another raise as opposed to having a significant discount to NAV.

Frankly, I see the discount to NAV as being a sea change in the investors of split shares generally.  ENS is not the only split now trading at a discount to NAV whereas previous history was a premium like it was with ENS.  Why is this happening?  I put the blame squarely on Obscure...lol.
<< Previous
Bullboard Posts
Next >>