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Bullboard - Stock Discussion Forum E Split Corp ENSPF


Primary Symbol: T.ENS Alternate Symbol(s):  T.ENS.PR.A

Energy Oil & Gas Drilling Oil & Gas Equipment & Services
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... see more

TSX:ENS - Post Discussion

E Split Corp > ENS pref issue - YTM 7.3%
View:
Post by HermannHaller on Jun 19, 2023 4:12pm

ENS pref issue - YTM 7.3%

How do they get a yield to maturity of 7.3% when issued at $10? Isn't the current yield 5.3%?

Can someone explain this for me?

https://www.globenewswire.com/news-release/2023/06/19/2690605/0/en/E-Split-Corp-Announces-Preferred-Share-Offering.html
Comment by pjn0987654321 on Jun 19, 2023 4:30pm
Maybe they made a mistake.  You could email them and ask. 
Comment by Kylemcc10 on Jun 21, 2023 11:51pm
No mistake, with renewal of the fund the new preferred's yield 7% 
Comment by Kylemcc10 on Jun 25, 2023 1:12am
With that said, this takes effect as of June 30 and beyond. So most recent ex date and July payment is actually old distribution. The following ex dates starting next quarter will see the raise. 
E Split Corp
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