Financial 15 Split Corp T.FTN

Mid-month numbers should be out in next couple days

[mouserman]

Should be interesting to see, i suspect UNIT NAV will be close to 20$...

[slst]

Can't wait to see the Acutal NAV.   Seems awfully peculiar that it continues to trade at a discount while US banks are trending so nicely.  Do hope they did put the new money into action.

[EdPaquette]

Sounds conservative to me.  I'm thinking the new number will be 20.25     

[yell]

Good sign that that investors are kind of bearish and do not give a premiun. Speculators are looking for the roller coaster ride, and FTN doesn't fit the trade. I am looking for a pop around 10.50$ to 11$ within a month. Never know could be to the downside...

[mouserman]

If we do get a correction and see downside in the marekts, FTN will hold up while many other hopefuls will take a serious nosedive back down if they are  below 15$ threshhold for paying. Really i dont see the negative of getting over 15% annual yield  and have 5 $ of coverage for distributions.

[alkhor]

Problem is, every Quadravest fund tend to migrate to the area of $15, meaning Class A shares go towards a NAV of $5. Quadravest makes money as long as investors keep buying the new offerings, so if the fund goes well below $15 and no sign of being able to recover, they do a consolidation and start over. The class A shares are for playing with but do not invest in them if you are looking at long

[yell]

Premiun to NAV on november 30th of the last five years was a low of .85¢ to 2.95$. Give us a good buffer at todays stock price and NAV of around 9.50$.

[mouserman]

Yes, you mostly have that right.... DFN been paying for years , and it is by doing offerings near the highs , and at a premium so that it supports the NAV , even raising it, like this last offering. As long as there is a bull market the NAV should rise.  All bets are off in a correction, or worse yet , a cleansing crash....