Financial 15 Split Corp T.FTN

FTN UNIT NAV to MArch 15th =APPROX: $20.93

[mouserman]

My spreadsheet , taking into account the USD falling by 2.1% vs CAD since FEB 26, has FTN UNIT NAV gaining .95 .. so the commons value here would be 10.93 before distributions.
Not sure if they are still carrying around 20% cash.... so this might not be real close.

[slst]

It does seem that the roll back of FTN shares had the effect of permanently damaging the old holders A shares. FFN is nearly back to precovid, while FTN when taking the rollback into account is still 30% behind.  Safer, no doubt but a nasty permanent hair cut.  It will take 2 years of distribution to recover that loss.  So sad.

[mouserman]

That only applies somewhat to the folks who bought only the commons at the high last few previous years. Those with preferreds + commons, collected some very nice distribution before the roof caved in. The pros would have had stoplosses in.

[gribbs2]

ya im still down big on my capital losses since the share rollback,   i wonder if i will ever get back to even , besides the dividends

[EdPaquette]

Magic 8 ball says...all signs point to yes.  FTN is hitting on all 15 cylinders.

[Naavak]

https://www.kitco.com/news/2021-03-29/Futures-slip-as-bank-stocks-fall-on-hedge-fund-default-concerns.html How many cylinders today? 

[EdPaquette]

Banks are fine.  Nothing goes straight up, there are always zig zags.  Kitco is all about precious metals and has a slant to all news. Gold bugs would love to see banks crash.

[mouserman]

FTN is one of the safets of the split funds, even if it is all banks and lifecos... if they fall to below 15$, it is likely that very few of the split funds will be above . 6$ of safety coverage for distributions.