FTN UNIT NAV to Nov 3= approx: $22.42So trying to update the new values into FTN and see how come my spreadsheet was around 5 or 6 cents low ( same with FFN).
Since the OCT 29 update my spreadsheet has the UNIT NAV gaining about 31 cents..
still a fairly substantial discount, but the annual distribution rate now under 13% makes it a bit less attractive than FFN or DGS ... and DF after the recent offering is back up above 19% yield.
With the regulators set to reopen the doors for banks to buy back shares and raise dividends, i dont see a big correction too soon in these names. FTN still a great buy given the situation.