E Split Corp. Announces Lucrative Share Offering

E Split Corp. Class A (TSE:ENS) has released an update.

E Split Corp., managed by Middlefield Group, has announced the successful overnight offering of Class A and Preferred Shares, expected to generate $53.2 million in gross proceeds. The offering, which will close around April 19, 2024, includes Class A Shares priced at $11.60 and Preferred Shares at $10.10, both aimed at providing attractive yields and benefits to shareholders. The funds raised are earmarked for investment in Enbridge Inc., enhancing shareholder value through distributions and capital appreciation.

For further insights into TSE:ENS stock, check out TipRanks’ Stock Analysis page.