Post by
Splitfunding on Mar 27, 2024 7:28pm
What's the deal with the price??
Yesterday FFN closed at $5.71 then today it opens at $5.63 and closes at $5.67 But at the end of today's seassion it's shown as having a gain of $0.07 rather than a loss of $0.04 meaning the opening price was actually $5.60
Why did the price drop by $0.11 between yesterday and today? I know today was the ex dividend date but I always thought that the market price was allowed to float free from the NAV but that does not appear to be the case. But if the market price is directly impacted by the dividend why did it only decrease by $0.11 and not the $0.19 that went towards the dividends? Or is only the dividend for the common shares taken out?
In any case it's seems rather misleading to indicate the price rose today compared to yesterday's close.
Comment by
CDNINV1 on Mar 27, 2024 8:22pm
THE PRICES ON THE MARKET ARE ALSO EX D1VIDEND, SO FFN PRF A OPENED APPROX 8 CENTS LESS THAN THEY CLOSE YESTERDAYAT $ 10.10 AND FFN SHOULD HAVE OPEN AT $5. 60, WHICH IS 11 CENTS LOWER THAN THE CLOSE YESTERDAY, BUT WERE BID UP TO 5.63 BEFORE THE OPEN. WHY WOULD YOU PAY THE PRICE FOR THE DIVIDEND INCLUDED IF YOU ARE NOT GOING TO RECEIVE THEM ON APRIL 10TH.
Comment by
CDNINV1 on Mar 27, 2024 8:40pm
EACH ONE OF THE SPLIT SHARES IS EFFECTED BY THE DIVIDEND YOU RECEIVE IF YOU ONLY OWN EITHER OF THE SPLIT SHARES . HOPE THIS HELPS !
Comment by
Higherhopes2020 on Mar 28, 2024 12:01pm
Please post real time NAV on ffn. Thanks.