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 > Prefs are out of control

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Comment by Experiencedon Nov 14, 2024 6:03pm

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Post# 36313784

RE:Prefs are out of control

Obscure....yes I agree that if the math works for a raise that Middlefield is more likely to weight towards a lower price for the Prefs

Like us I think they are not happy about the big discount to NAV on the Commons and to screw the shareholders of the Commons once again would be shooting themselves in the foot.

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