FTN UNIT NAV TO April 25 = approx: $17.43Nothing like giving up nearly all the gains since April 14 , in one day.
Vicious selloff today in financials. FTN commons now with a value of $7.43 before distributions. Was good that FTN held a lot of cash at last report.
After distributions of 19 cents the commons will have a value of $7.24. The premium now after DIST> has risen up to about $1.81 or about 25%. Still one of the lower premiums for a safer split fund.