Financial 15 Split Corp T.FTN

FTN unit nav to March 27 = approx; $18.54

[mouserman]

Nice rebound today for the US holdings....and the result is a gain of 57 cents since MARCH 15 , BOTH NA  and  CM  WENT EX DIVVY  since that date.
Commons of FTN now have a value of $8.34 AFTER distributions to preferreds and commons are accounted for. Last trade @ $8.14 leaves them trading at a discount of 20 cents.., and annual yield would be over 18.5%.
We live in strange times.

[anubis44]

I think what's holding people back from FTN (and some other split-funds) is the almost clockwork tendency that their NAVs will drop below the payment threshold at some point in the next 12-16 months, and the general concern that the markets are at a near-term, potentially blow-off top. I currently own some FTN and BK, and I'm holding them. I might even add some more FTN now that I see it

[Splitfunding]

Sure, but simular market conditions in the past have almost never seen this kind of behavior. For example many split funds didn't pay for months or even a year or more after covid, but once financials recovered and splits started paying again it didn't stop people from quickly paying a hefty premium to own them.