TSX:FAY.RT - Post by User
Post by
Hockeynut2on Sep 19, 2013 7:52pm
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Post# 21753177
My two cents
My two centsThe original plan as I understand it, was to end the fund after ten years. The original unit price was 25 dollars and they intended to return the 25 dollars plus capital gains plus the dividends. Obviously, world events got in the way and they won't be returning 25 bucks. RBC currently lists the NAV at $13.60 and the last time I checked, the fund manager listed the NAV at $13.35. Tomorrow I will e-mail IR and ask what the plan is going forward. I don't currently own any units but my daughter does. Depending on the unit price vs. the nav price, there might be an arb. play if the fund is terminated. GLTA