Financial 15 Split Corp T.FTN

FTN UNIT NAV estimated @ $18.03 to MArch 12

[mouserman]

Spreadsheet showing a gain of 35 cents since the FEB 29 updated UNIT NAV.
LAst trade @ 7.89 leaves the commons at a slight discount before the 20 cents in disributions are figured in. Seems a very good buy if we only use the REAL value of the holdings.
Been in these split funds for many years, and have never seen so many common shares of PAYING split funds trade at a discount. Was not so long ago we saw premiums of 40% on some of the split funds, with a MUCH,MUCH lower NAV.

[Experienced]

Lower premiums = higher yields

[mouserman]

Yes , lower premiums = a higher yield  as compared to what you would have got buying at market. However FTN has been at a discount for some time, and those who bought in back in Feb  would have a much higher yield than buying today. Premium to NAV and discount to NAv are the most important factors to me. Macro conditions and market sentiment are also something to consider, but change

[mouserman]

Let me rephrase that... buying at a discount gives  a higher yield as compared to buying at true value or a premium.