E Split Corp ENSPF

Primary Symbol: T.ENS Alternate Symbol(s): 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 > Numbers tell stories

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Comment by Experiencedon Nov 11, 2024 10:13am

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Post# 36306452

RE:RE:RE:RE:Numbers tell stories

Ganyman....not really

Middlefield is probably more peeved than we are about the discount especially since not that long ago they were able to issue more shares of ENS through overnight offerings on a regular basis since people were stupid enough to bid the ENS price up to mid teen premium NAVs.

Frankly I am happy to buy ENS at less than it is worth and pick up a higher yield.

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