RE:RE:FTN UNIT NAV to FEB 23 = approx: $17.85Golferman wrote: Monday and Tuesday should be good green days for the share price .... as I can't remember a previous ex-day that we didn't have share price premium. As I said earlier let's see a break $8.00... we are due.
Golferman
As i posted earlier, having a lot of safety and decent yield near 205 would historically give you quite a premium. But right now a kind of phenomenom where some split funds are suddenly breaching the 15$ UNIT NAV and paying to commons, with yields that would be much higher if they were to stay above the level. DF looks as tho it may make the cut this month, FFN ,LFE have already, and DGS doing really well. All of those have higher yields than FTN ... so i think a lot split fund $$ are going that direction. And think too also many were buying these down near 4$ so sitting on big capitals gains and not in a rush to unload now that they are paying. I am in that position on LFE... and it is now a bigger position for me than FTN. Yield annually would be 24.1 % at the closing price of $4.97, but is nearer to
28% at my average in price of $4.25 after trades...