E Split Corp. Class A (TSE:ENS) has released an update.
E Split Corp. has successfully completed an overnight offering, raising approximately $53.2 million through the sale of Class A and Preferred Shares, which will continue to be traded on the Toronto Stock Exchange. The offering aimed to provide non-dilutive capital at prices geared towards attractive yields, with Class A Shares at 13.4% and Preferred Shares at 6.7%, while maintaining the net asset value per unit. The raised funds will be invested in Enbridge Inc., supporting monthly distributions for Class A shareholders and quarterly distributions for Preferred Shareholders.
For further insights into TSE:ENS stock, check out TipRanks’ Stock Analysis page.
