Post by
mouserman on Jan 06, 2022 5:41pm
FFN closed the day up 88 cents since DEC 31
That would make the FFN unit nav the biggest gainer % wise of any of the split funds out there since DEC 31 , being up 5.32%, FTN the next biggest % gainer with the UNIT NAV jumping a dollar since DEC 31 , and a gain of 4.6%.
FFN closed at $7.59 which is a premium of only .15 as the value of commons now would be 7.44
FFN a very strong buy at a premium of only 2%, with nearly 2 $ of safety coverage for distributions and an annual yield still over 17.9%
Comment by
mouserman on Jan 06, 2022 5:43pm
OOPS didnt quote safety coverage properly, it would be $2.44 of safety coverage above 15$, the threshhold for paying to commons.
Comment by
KnaveofDiamonds on Jan 06, 2022 6:16pm
Yes it is. Finally going to break that resistance around $7.60.
Comment by
BlueGuitar1 on Jan 06, 2022 11:14pm
Bob Parker, I bid $8.01 on the Price is Right.