RE: Is there a confusion Yes bychoice there could be some confusion, but I hope not. Even with today's depressed prices for Cdn and US financials - FTN's NAV should still be above $15. Financials in general are being sold off today, so some may be speculating that this trend continues. Just some nervousness to a leveraged bet on this sector has scared some investors away. (some US financials down 2 to 3% today)