RE:Info about the retraction...How about the vision that no matter who won the election the discount was going to blowout after the arb bid ie traders buy for redemption. So if you were long FFN the smart move was to redeem it or sell it. I chose to redeem and that was based on on probabilities. The fact that the payoff has been above my expectations does not negate the wisdom of the decision. I am tried of stating my case but the trade was not based on luck the size of the return maybe. If very few took advantage of the retraction so be it given I have replced my retracted holding at just above current prices. It would also comfirm that most investor/trader in FFN and other Quad funds do not look at the world the same way I do -- thank god! GLTA
myNEXTmillion wrote:
The deadline for submitting ones shares for retraction was November 1. The October update reported the NAV at $6.82 for the Class A's. The market close on October 31 was $6.77.
As the difference is very narrow, less than 1 distribution payment at the time, I am of the opinion very few would have taken advantage of the Class A retraction privilege. Not many would have had the vision of a Trump win, jacking up all the share prices.
Just my opinion...
mNm