Trend changing as HIGH NAV value splits get more buyingAgain i am seeing the trend where these undervalued discounted SPLIT FUND commons are getting bigger jumps , and still remain at discounts.
Had you bought 10,000 shares of FTN on Sept 30 .. it would have cost around....$111,500 and the distributions collected for OCTOBER would be $1,257.00 and capital gains now would be $8100 , for a total gain of 9,357.
Compare that to FFN, .. $111,500 would have bought 15,500 shares and distributions would have been much higher at $1,756.00 but the capital gains are only $4340. the total gain $6096
... Discounted shares do have a much better chance of capital gains.
Even SBC with only a 8% distribution rate at Sept 30 , gained $1.57 in cap gains , while FFN only .28