RE:RE:RE:FTN unit nav to March 26 = approx: $18.33Yes Mouserman - the key thing you said was that the you think the market is overbought. I agree. The market sentiment has been in the Greed or Excessive Greed for a number of weeks. From many years as a market professional working on The Street, I know that this is a Red Light and those in "the know" will treat this with caution. This is in part why I sold some of my position the oither day. I still hold about half of my original position.
I am not worried for now about the dividend being secure since there is lots of space between the current NAV and $5. The fact that the split is trading very close to its NAV is also comforting. BUT, as I said in my earlier post, there lots of ways to play splits and right now with about 30 days before the next XDividend date, I am prepared for the market sentiment to kick back to normal or pessimism and with the leverage to the underlying securities FTN owns, I will expect to reload at a lower than price than we have now in time for the next divy. If I am wrong, iI still own some.