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 > Correction

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Comment by Experiencedon Nov 14, 2024 7:13pm

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Post# 36313923

RE:RE:RE:Correction

Obscure...you are close to this than I am...

But.....it seems to me that the NAV for ENS should fall the day ENB goes x dividends. The SP of ENB falls due to the payout of the dividend. Since the dividends don't show in the NAV for ENS until they are booked when the dividend is paid the SP for ENS should fall x dividend ENB.

Your other post illustrates this timing issue.....ENS SP should go down x dividend ENB and often this doesn't happen and this sets the stage for Middlefield to swoop in for a raise. As I mentioned in an earlier post, I sold some ENS today. If investors "smarten up" and the price of ENS falls with the price of ENB, in the ne4xt couple of days, I will reload.

Thoughts??

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