RE:What is a better and safer buyCrazydavid wrote: What is a better and safer buy for the dividends between FTN and DFN
Not much question about which is safer... DFN barely a dollar above the threshhold for paying, while FTN is likely about 5$ above the threshhold with the UNIT NAV approaching or surpassing 20$ here.
From my spreadsheet estimation FTN trades at a discount to NAV while paying better than 15.75% at this level. DFN is trading closer to 10 or 12 % premium , while paying around 17.25%...
In the past few weeks , since JANn 29 FTN NAV has rocketted up over a buck in UNIT NAV, at minimum, and i think with today, maybe up about 1.40 since then, if they have put some of that 21% cash to work in early February.