RE:RE:RE:FTN unit nav in realtime + approx: $20.70I don't think they could just announce major changes without it being authorized in the constatating documents. Fundamental changes like altering the dividend rate or share structure require amendments to the articles unless preauthorized, so a wild surprise is unlikely I think... this seems like panic selling or stop losses being taken out... and it doesnt take much to move the share price 10 or 20 cents.. like 50K-100K shares, which many, many retail investors hold.
Some seasonality could be in play too. According to Goldman, the week after thanksgiving is usually a down week, before December picks up steam to year end. We also got CDN bank earnings this week, and people might be taking a wait and see approach. Also profit taking going on I'm sure, there have been huge cap gains in the last month.
Either way, I'm holding when the NAV is a dollar above the share price. It doesn't make sense to me that FTN should be dropping when others like FFN or DFN are gaining and harbour a retraction risk $5 of safety??? LIke c'mon! The institutional players aren't dumping the underlying portfolio, and they are 1000x more sophisticated then us retail folks.
By the way, whatever happened to AnEducator? He was awesome.