Post by
mouserman on Nov 03, 2023 12:11pm
FTN unit nav in realtime
So without knowing where the cash position is, i am estimating the UNIT NAV at $16.09 with a 56 cent gain since the OCT 31 update, even with the USD losing almost
1.5 % vs CAD. Premium would still be very small at this point with the last trade @ $6.28 , only 19 cents. Commons would be valued at about $6.09 after distributions. Premium then is 3 %. Dont think i have seen many splits valued at a 3 % premium when they are over a dollar in safety.
OTHER than LCS of course.
Comment by
es25 on Nov 03, 2023 12:29pm
Hey Mouserman, I been following pic.a which has a similar yield, I don't know the premium. The advantage of this split fund is it has no $15 rule but it pays every 3 months which people don't like.
Comment by
Golferman on Nov 03, 2023 4:29pm
Great day for the NAV of FTN.... great value with a low premium. Looking forward to mousetmans end of week update. Golferman