E Split Corp.
ENS.TO
Toronto Stock Exchange18.96
CAD
+0.15
- -
E Split Corp.
ENS.TO
(Toronto Stock Exchange)
Recent
price
18.96
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- Business
- E Split Corp is a mutual fund company founded in 1996 and headquartered in Toronto, Canada, that primarily invests in common shares of Enbridge Inc., a leading North American energy infrastructure company specializing in oil and gas pipeline transportation, gas processing, and natural gas distribution. The company offers two main types of shares: Class A shares, which pay monthly distributions and provide potential for capital appreciation through direct exposure to Enbridge's common shares, and preferred shares, which pay fixed cumulative preferential quarterly cash distributions with an attractive yield based on the issue price. E Split Corp operates exclusively in Canada with its portfolio heavily concentrated in Enbridge shares and a minor allocation in Gibson Energy Inc., reflecting its focus on energy infrastructure equity investments. Recent major developments include the establishment of an at-the-market equity program in early 2025, allowing E Split Corp to issue Class A and Preferred shares to the public to support liquidity and capital management. The fund continues to maintain monthly and quarterly distributions, with recent announcements of stable distribution payments for Class A and preferred shares through late 2025. E Split Corp also completed overnight offerings totaling over $33 million, reflecting active capital raising efforts to support its investment objectives. The company has maintained strategic positioning within the energy sector by leveraging its portfolio’s exposure to Enbridge’s growth and dividend strategies, without diversifying broadly into other sectors or regions. E Split Corp’s business is focused on providing income-oriented investment solutions in the energy infrastructure sector to retail and institutional investors primarily within Canada. The fund benefits from Enbridge’s dominant market position and long-term contracts in North America’s pipeline and gas distribution markets. Its investment strategy revolves around stable income generation through dividends combined with capital appreciation opportunities inherent in Enbridge’s equity. The company is part of the Middlefield Group and aligns with their approach of balancing risk and return in equity income mandates. Overall, E Split Corp offers a specialized energy infrastructure investment vehicle that blends preferred income streams with growth potential via its Class A shares, maintaining robust shareholder distributions and capital market activities to optimize investor value in the evolving energy landscape. Recent operational and financial enhancements primarily revolve around share issuance programs and consistent dividend payments, reinforcing its standing as a dedicated energy infrastructure investment trust in the Canadian market.