FTN UNIT NAV to March 6 = approx; $17.93So still looking at a gain of about 25 cents since the FEB 29 update. Today the USD lost about .5% vs the CAD, so that affected the US holdings.
Still FTN commons continue to trade at a discount. Did see some Psotove news regarding the bailout of NY COMMUNITY BANCORP.
Struggling regional lender New York Community Bancorpannounced a $1 billion capital raise and a leadership shakeup on Wednesday, headlined by former Treasury Secretary Steven Mnuchin, leading to a sharp rebound for its stock. The stock jumped sharply after the announcement, but trading was highly volatile. Shares were briefly halted up nearly 30% for the day. They gave back some of those gains when trading resumed and finished the day up more than 7% after several more halts. Prior to the press release, the stock was down 42%, amid reports from Reuters and the Wall Street Journal that NYCB was exploring a capital raise.