RE:RE:FTN unit nav guesstimate@ approx: $18.15Richou77 wrote: Hi Mouserman,
Ithink you're pretty right with your NAV at $18.15.
I have a question for you. I ask you because you seem to be the better person on this Bullboard to give me the good information. I follow and own FTN since over a year now. I noticed when I first bought FTN that they have 37.1 millions common shares. (March 2023) And now a year later, they have 52.1 M shares outstanding, 15 millions shares more. Since a year, they had no new financing on common. I saw the prospectus for the prefered shares. How can we explain that other than ATM sell? That's 1.25M new shares avg per month trough ATM! Thanks in advance!
Yes it has been many of the Quadravest split funds selling shares from the treasury via the ATM. Not sure but i believe are more preferreds OS than commons here.