NAV @ 10:36 am~$14.69. Discount on capital shares: ~$0.51. We currently stand ~2.17% below the payment threshold.
The U.S. financial sector has had quite a run over the last few months and yet, FFN has been unable to achieve dividend status. As I have mentioned before, the onerous dividend payments to preferred shareholders continues to be a headwind. Still, those who bought a few months ago have experienced phenomenal capital gains. This should continue to be investors' primary objective for FFN. Any dividend would be a bonus.