FTN UNIT NAV to Sept 06 = approx: $16.49So spreadsheet is showing a penny loss since the month end update . We dont have the cash position and weightings changes so could be out a bit. Premium has dropped again and is now ultra low as far as FTN history goes... last trade @$7.19 makes the premium only 70 cents on commons now valued @ $6.49 That works out to right around 10.8%
The CAD lifecos in FTN have fared the best since AUG ended. Banks have not so well.