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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 Obscure1on Nov 14, 2024 3:06pm
37 Views
Post# 36313371

RE:RE:Correction

RE:RE:Correction

cttglvr: You are correct about the ENB divi tomorrow having zero effect on the NAV of ENS.

I bought a chunk for trading purposes recently at a cost of $12.83 which I just sold a few minutes ago for $13.54.  Several reasons for the sale including a quick win, but not really relevant as it was just a trade.  I haven't touched my core position and won't for the forseeable future. 

The shares that I put up for sale got snapped up in an instant for more than the bid price.  That is unusual as my order size was significant.  The speed and size of the transaction triggered a tingle in my spidey senses. I can't help but think that Middlefield is soaking up ENS shares to build up what I think has been a bit of a shortfall. I'm just guessing. 

 

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