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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

TSX:ENS - Post Discussion

E Split Corp > Got my interest
View:
Post by ANALOG GUY on May 17, 2024 7:57pm

Got my interest

Stumbled on this stock today 

Never heard of a split fund with only 1 holding but I guess ENB is as good as any

I hold a fair bit in Preferred split shares but no Class A shares 

Started paying .13/mo in July 2019 and has never missed a dividend? 

Share price fell with ENB starting last June 

ENB has recovered from $42 but ENS is lagging by quite a bit 

Yielding 13.2%

Hummm, I might need some next week

Comment by ANALOG GUY on May 20, 2024 10:12am
Doing some DD 2 years ago ENS was $16.50, ENB was $57.50 Today ENS is down 29%, ENB is down 13% ENS has done 4 Overnight Equity raises in the last 10 months , Yikes  More shares = more lucrative fees for Middlefield Supply and Demand.....And there seems to be an endless supply  Nonetheless, assuming they are done with the Equity Raises ....... leaning towards ...more  
Comment by Obscure1 on May 21, 2024 1:42pm
Middlefield has to play by the rules, which they do.  Blaming them for playing by the rules is like blaming a shark for being a shark.  If investors pay too much for ENS shares because they are hungry for the high yield, they do so at their own peril.  At the time that I'm writing this, ENS is trading at a 2% discount to the NAV. The dsicount won't last for long as it is ...more  
Comment by ANALOG GUY on May 21, 2024 3:39pm
Bot 2500 shares at 11.65 Plan to add in the coming days 
Comment by ANALOG GUY on May 24, 2024 4:10pm
All done for now  holding 5000 at $11.67 average yielding 13.3% also accumulating their Real Estate ETF "RS" GLTA