I have a full load of ENS so please don't think this is an agenda driven post.
The Premium to the NAV keeps creeping up and is now 6% at the time of writing. A 6% Premium is not scary but the trigger point for a Raise is gernerated by a pre-set discount of the Market price of the Unit to the NAV of the UNIT.
Middlefield announces Raises the day after the closing price when a pre-set Discounted Market Unit Price meets or exceeds the Unit NAV.
The key is knowing the trigger point. When the trigger price is near, we migth see a glitch in the Matrix in terms of unusual price actions or Unit NAV calculations that are a bit out of place. The prices for ENS and especially for the Prefs can be manipulated on very low volumes. The substantial fees involved in every deal can easily absorb the cost of creating an anomally.
Right now, my discounted target price is still a bit away from a Raise but a sudden drop in the share price of ENB due to a Raise announcement (which will happen) without a corresponding drop in the ENS share price could easily trigger an ENS Raise.
At this point in time, an ENS Raise would provide a solid buying opportunity for investors as the yield is 14% based upon a $11.14 share price or a 15% yield on a share price of $10.40.
Keep some dry powder.