On April 12, 2024, E Split Corp., a mutual fund corporation, announced a public offering of up to 2,561,110 preferred shares at $10.10 each and 2,359,510 Class A shares at $11.60 each, aiming to raise a maximum of $53,237,527. The offering closed on April 19, 2024, with shares listed on the Toronto Stock Exchange under symbols ENS.PR.A and ENS. The preferred shares, yielding 6.7% annually, provide fixed quarterly dividends until June 30, 2028, while Class A shares offer non-cumulative monthly distributions at a 13.4% annual yield.

The offering was led by agents CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Canaccord Genuity Corp., National Bank Financial Inc., BMO Nesbitt Burns Inc., Hampton Securities Limited, iA Private Wealth Inc., Raymond James Ltd., TD Securities Inc., Manulife Wealth Inc., Desjardins Securities Inc., Echelon Wealth Partners Inc., Research Capital Corporation, and Richardson Wealth Limited. Legal counsel was provided by Fasken Martineau DuMoulin LLP for E Split Corp. and McCarthy Tétrault LLP for the agents. Net proceeds of approximately $51,109,846 after fees and expenses will support E Split Corp.’s investment strategy focused on stable returns from Enbridge Inc., a leading North American energy infrastructure company.