Fund Description
E Split Corp. invests in common shares of Enbridge Inc., a leading North American oil and gas pipeline, gas processing and natural gas distribution company.
E Split offers two types of shares, i) Class A shares that pay monthly distributions and offer the opportunity for capital appreciation potential; and ii) preferred shares that pay a quarterly distribution representing a yield of 5.25% per annum on the issue price of $10.00.
Key Reasons to Invest:
- exposure to the underlying performance of Enbridge common shares in a unique split share structure
- the Preferred Shares provide investors with a stable stream of tax efficient income paid quarterly and have a priority claim on the assets of the Fund ahead of the Class A shares
- the Class A Shares provide investors with all of the capital appreciation potential of the Fund’s assets (i.e. Enbridge shares) as well as a targeted monthly distribution generated by capital gains and excess dividend income after the preferred share distributions have been paid
