Bullboard - Stock Discussion Forum 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... see more

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TSX:ENS - Post Discussion

E Split Corp > Another Raise could be imminent

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Post by Obscure1 on Apr 18, 2024 2:25pm

Another Raise could be imminent

We almost hit the point yesterdat where Middlefield could have done another Raise. Yup, it's true. Don't think Middlefield would hesitate if the math works. I haven't dug deep enough but my best guess is that Middlefield builds in several hundred thousand dollars of advisory fees for every Raise so put yourself in their shoes.

ENB is up today while ENS is down a smidge which means the potential risk of a Raise is off a bit. Don't get complacent as it wouldn't surprise me if we see another raise when the calendar rolls over into May. Be vigilant if you care.

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Comment by Experienced on Apr 18, 2024 10:54pm

Good point Obscure....I sold my stake over the past two days when I looked at the math....if they do a raise in and around the current price we could easily see a reload price in the mid 10s

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