Financial 15 Split Corp T.FTN

Doing calcs. By hand ,in Mexico with no computer

[mouserman]

So today discovered I missed Citibank when adding up the gains, so today the NAV gain is $1.01, putting the unit Nav @$18.37 before distributions. After distributions the FTN commons have a value of $8.15 and the premium now ridiculously low @84 cents OR about 10.3%
It is always a buy for me at these levels. AND it could be higher if Quadrvest managers had put some of that excess cash to work.

[EdPaquette]

The overnight offering was a few weeks ago, but I wonder if new shares are still trickling onto the market. Underwriters might have hung on waiting for the market to recover. 

[mouserman]

For sure today the markets looked positive , particularly the financials, and even some of the other sectors recovered some after a slow start to the day. DOW was up 828 points, the NASDAQ up  309 and the TSX up just  over 119 points. TOP % gainer for FTN since midmonth , was CIX, very small holding at last report, but was up 14%. Next biggest gainers were the 3 top holdings JPM,GS,BAC