NAV continues downBlows me away how some naive investors are buying FFN and LFE in particular at big premiums, hoping for the big yield come the end of the month. Again nearly every stock in both of these split funds is down to start the day, and the USD losing groundvs CAD, means an even bigger drop in NAV.
Its 2 weeks until the mid month update that determines payments to commons, and LFE is unlikely to regain the 15$ threshhold needed. WIll drop like a rock in the days coming up the 15 th... but JMHO