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 > ENS won't get back to par on the NAV by going up

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Post by Obscure1on Sep 20, 2024 1:21pm

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Post# 36233486

ENS won't get back to par on the NAV by going up

ENS might make it back to par as ENB goes does while ENS doesn't follow ENB down.

Historically ENS shareholders have been painfully lazy investors. Whenever ENB took a dive, ENS shares wouldn't drop which had the net effect of pushing the Premium to the NAV up to ridiculously high numbers which would allow Middlefield to do their thing.

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