Post by
GoGetter1 on Dec 07, 2020 7:39pm
FTN dividend restored to full amount
Take note that the new post consolidated distribution will be $0.1257 per unit, which has been revised upward from the previously proposed $0.10 per unit. First payment is Jan 8, 2021.
Comment by
bychoice on Dec 08, 2020 8:52am
Is there any caveat that says when the NAV goes beloew a cerftain value, the A shares will no longer receive a dividend? In all of the NEWS, I see none!
Comment by
navgod on Dec 08, 2020 8:58am
Same as before - after consolidation no divy for capital shares if unit NAV is under $15.
Comment by
EdPaquette on Dec 08, 2020 9:43am
My math says new unit nav will be 19.05 and distribution will be 16%. Anyone confirm or deny my math?
Comment by
mouserman on Dec 08, 2020 6:34pm
The value of the stocks held in FTN will determine the NEW UNIT NAV on that day. The math factor of the consolidation will apply. IF the bank stocks fall 10% before that day, then the UNIT NAV will drop 10% ..or vice versa, if they rise that much, then the UNIT NAV will be higher.