Post by
mouserman on Apr 10, 2024 5:43pm
FTN unit nav to April 10 = approx: $18.05
My spreadsheet has the UNIT NAV losing 34 cents since the march 29 update. The CAD falling nearly 1 % vs the USD helped keep it above $18...
Last trade @ $8.17 leaves the premium at only 12 cents. Could be more downside to come tho....I think the markets pushed up the ban ks too much, and were counting on multiple rate cuts early in the year. And now that pundits are sayin not to get excited about the rate cuts , its time for a correction.
FTN will survive and be one of the paying funds for a while, but not sure the capital gains will keep up with the distributions paid out.
Comment by
Golferman on Apr 10, 2024 7:21pm
I think the $8.00 level will be tested again this week. Golferman
Comment by
mouserman on Apr 11, 2024 9:45am
Sure is looking that way today so far. I was hoping for a bounce day after a brutal selloff yesterday, but looks very red to start the day.
Comment by
Golferman on Apr 11, 2024 10:07am
Mouserman, I am calculating we are around $17.95 NAV at 10:05 AM Golferman
Comment by
mouserman on Apr 11, 2024 10:50am
yes it will have dropped quite a lot today, with nearly every holding down... full blown correction in the financials happening. US big banks to report here in the next little while and may be some negative aspects leaking out from those.
Comment by
Golferman on Apr 11, 2024 11:02am
The NAV continues to decrease today..... now showing around $17.89 Golferman
Comment by
Golferman on Apr 12, 2024 3:35pm
I believe the NAV is now around $17.65... big drop today. Not sure how Monday will be? Will need Mouserman to give us the final Golferman
Comment by
mouserman on Apr 12, 2024 5:51pm
Sorry folks , today i was driving back from the PACIFIC coast of mexico to our house in Chapala. Will do the update here to end of day in a bit.