RE:RE:RE:RE:RE:RE:RE:Class A Share ConsolidationOK. Good analysis. I find the focus is on income with these split funds and I think that is misplaced. Not seeing the larger picture. I used to believe in these things because I thought they were the poor man's way to own a bank stock. But what I have seen over time is deterioration of the underlying NAV, which leads to something like this. FTN always paid a huge dividend and seemed like a great stock. Too good to be true. A friend of mine accurately poinhted out that over a 10-year time frame it is much better to simply buy a bank stock. If you look at the combined return with dividends and increase in capital, the bank stock is the superior play. So I own some Royal Bank shares now. Would like to own others... but they are expensive.