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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 > Prefs are getting out of whack
View:
Post by Obscure1 on May 27, 2024 6:14pm

Prefs are getting out of whack

Prefs closed at $10.29 today while the Nav is $10.12 this week. 

While the focus is always on the Premium to the Common NAV,  we learned on April 10th to keep an eye on the Prefs. 

Stay diligent because Middlefiled is always ready to pounce on the careless,
Comment by nortbrar on May 27, 2024 8:39pm
I can't stay diligent Obscure!, cause I am NOT sure what metric(s) I should be monitoring.  For FTN and DFN.....there is an "expert" named Mouserman who provides some opinionated guidance on "when" things are getting a little too hot in the kitchen.  Do you do the same?  Or, what indicators should make me start to get nervous?  Can I assume as soon as I ...more  
Comment by Ganyman61 on May 28, 2024 11:46am
Is today ex dividend date?
Comment by oldbrit34 on May 28, 2024 1:12pm
Middlefield says record date is May 31st. This puts ex div date as May 29th ( I think). Both the TSX and my bank ( BNS ) are showing May 31st as ex dividend date . Normally ex dividend and record date are not the same so I will go with what Middlefield says. Payment date is June 10th.
Comment by oldbrit34 on May 28, 2024 1:15pm
I should have said I am talking about the class A shares as the prefs being quarterly are not due for payout till the end of June.