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 > ENS won't get back to par on the NAV by going up

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Post by Obscure1 on Sep 20, 2024 1:21pm

ENS won't get back to par on the NAV by going up

ENS might make it back to par as ENB goes does while ENS doesn't follow ENB down.

Historically ENS shareholders have been painfully lazy investors. Whenever ENB took a dive, ENS shares wouldn't drop which had the net effect of pushing the Premium to the NAV up to ridiculously high numbers which would allow Middlefield to do their thing.

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Comment by nortbrar on Sep 20, 2024 6:08pm

I agree Obscure1. This has also been my observations. So, with that in mind......are you one of the ones that track ENS's NAV? Are we still in discount territory, and if so by how much? Cheers!

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Comment by Obscure1 on Sep 21, 2024 3:07pm

I track the LIVE NAV as well as the Premium/Discout to the NAV. I also track the expected trigger point where Middlefield will come out with a Raise. Easy math for anyone that wants to do a small amount of work. Updating the data each day takes about a minute.

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