FFN unit nav to FEB 10 = approx: $15.25So my spreadsheet is now showing a 10 cent gain since JAN 31 , so lost another 6 cents today. Mostly due to stregtheneing of the CAD. However only 4 of the 8 US holdings showed green, and only GS was up enough to make up for the nearly 1% loss in currency exchange.
So with 3 more sessions to go until the mid month update , it is a matter of whether the market gets depressed about the treasury yield inversion pointing to a recession, or whether it continues to ignore the sure signs of a downturn.
Commons are worth about $5.25 today and with the last trade @ $5.78 the premium has dropped to under 10% here.
Maybe good for a small gamble to get a distribution this coming month, but further on might not be able to withstand a 10% ( or greater ) downturn.