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E Split Corp T.ENS.P.A


Primary Symbol: T.ENS Alternate Symbol(s):  ENSRF

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 maturity. The Company has a portfolio comprised primarily of common shares of Enbridge Inc. Enbridge, a North American oil and gas pipeline, gas processing and natural gas distribution company the Enbridge Common Shares or the Portfolio and intends to purchase Enbridge Common Shares from time to time in the market or through participation in future public offerings by Enbridge. The Advisor believes that the Company offers investors an opportunity to gain exposure to Enbridge, one of the worlds largest energy infrastructure companies.


TSX:ENS - Post by User

Comment by Experiencedon Apr 24, 2024 10:20pm
45 Views
Post# 36006349

RE:RE:RE:Aadded a chunk

RE:RE:RE:Aadded a chunk ct...not LCS....yes I did some roundtrips on it last Fall and am still keeping an eye on it. IMO it is not quite ripe yet for picking...lol

Rght now I have been trading FTN which is currently trading at a discount to NAV.  I sold about half my position a few weeks ago and bought that position back over the past week for a small gain to reduce my cost base and to collect the outsized dividend in a few days.

In terms ENS, I don't have any problems with it especially with a low premium.  I just think going forward that ENB (as mentioned in my earlier post) has a cloud over it for the next 6 months or so and in the meantime for that portion of my portfolio that is in splits (frankly not a big proportion) I am looking elsewhere.  Time will tell whether this was the right call or not but either way I expect to make some money my investment in splits.
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