RE:RE:FTN UNIT NAV to JAN 15 = approx. $19.72lewise20 wrote: I have been buying FFN last couple of month in anticipation of them paying distribution this month. Also FTN pays 15% and it is trading close to NAV of $9.50. They will be posting the NAV on the 20th or 21st of this month. FTN is ideal for your TFA 15% return + if the shares go up a $ now we are talking about 25% return with little risk.
Yes and as far as value goes, FTN probably trading at a discount here, as the UNIT NAV nears 20$... which puts the commons at around 10$ value before distributions, ( which are considerable).
It is the only split fund stock that trades at a discount, pays over 15% and has over 4 $ of coverage for commons. Best value in my books.