E Split Corp.

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

ENS 

Closing price  Ways To Invest Fact Sheet Prospectus (English) Prospectus (French) All Fund Documents

Fund Overview

  • Ticker/CUSIP (Class A):
    ENS / 26916F104
  • Ticker/CUSIP (Preferred Shares):
    ENS.PR.A / 26916F203
  • Inception Date:
    June 29, 2018
  • Monthly Distribution (Class A):
    $0.13000
  • Quarterly Distribution ( Preferred Shares) :
    $0.13130
  • Advisor:
    Middlefield Capital Corporation
  • Eligibility :
    RRSPs, DPSPs, RDSPs, RRIFs, TFSAs and RESPs
  • Management Fee:
    0.75%
  • Risk Rating:
    Not Rated
  • Exchange:
    Toronto Stock Exchange

Fund Managers

Headshot of Robert Lauzon
Robert F. Lauzon
Managing Director and Chief Investment Officer
Dennis da Silva
Senior Portfolio Manager

Performance (Class A)

 
AS OF 1 MONTH 3 MONTHS 6 MONTHS YEAR-TO-DATE 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE INCEPTION 2021 2020 2019 2018
December 31, 2022 -8.10% 7.00% -1.85% 17.45% 17.45% 8.62% - - 12.51% 52.72% -28.53% 47.56% -

Performance (Preferred)

 
AS OF 1 MONTH 3 MONTHS 6 MONTHS YEAR-TO-DATE 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE INCEPTION 2021 2020 2019 2018
December 31, 2022 0.44% 1.31% 2.63% 5.33% 5.33% 5.32% - - 5.32% 5.28% 5.28% 5.28% -

Distributions (Class A)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
January 31, 2023 February 15, 2023 0.13
December 31, 2022 January 13, 2023 0.13
November 30, 2022 December 15, 2022 0.13
October 31, 2022 November 15, 2022 0.13
September 30, 2022 October 14, 2022 0.13
August 31, 2022 September 15, 2022 0.13
July 31, 2022 August 15, 2022 0.13
June 30, 2022 July 15, 2022 0.13
May 31, 2022 June 15, 2022 0.13
April 30, 2022 May 13, 2022 0.13

Distributions (Preferred)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 31, 2022 January 13, 2023 0.13125
September 30, 2022 October 14, 2022 0.13125
June 30, 2022 July 15, 2022 0.13125
March 31, 2022 April 15, 2022 0.13125
December 31, 2021 January 14, 2022 0.13125
September 30, 2021 October 15, 2021 0.13125
June 30, 2021 July 15, 2021 0.13125
March 31, 2021 April 15, 2021 0.13125
December 31, 2020 January 15, 2021 0.13125
September 30, 2020 October 15, 2020 0.13125

Fund Details

Sector Allocation (%)

As Of December 31, 2022
Pipelines 100.00%

Geographic Allocation (%)

As Of December 31, 2022
Canada 100.00%
U.S. 0.00%
International 0.00%

Top 10 Holdings

1 Enbridge Inc. 100.00%
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