FTN unit NAV to June 13 = approx: $17.81After a brutal start to June , FTN UNIT NAV is now down $1.53 since MAY 31...
The selloff in the US banks has been nasty and in a very short time.
Commons in FTN are now worth only $7.81 and with the last trade @ 9.69 , the premium is $1.88
or about 24%...... getting a bit rich considering the downturn.