Financial 15 Split Corp T.FTN

FTN unit nav to Sept 29 = approx: $16.26 before dist.

[mouserman]

Spreadsheet showing a loss of 56 cents since the midmonth update. That would value the commons @ $6.07 after distributions are paid out. Last trade @ 6.86 leaves the premium at 79 cents or about 13%.
Seems like a reasonable enough premium, if only the market wasnt heading down steadily. Only hope i see is the FED doing a flipflop and talk next time about cutting rates in 2024. Dont see it happening tho.,,..

[Inglewood]

Like you said... super reasonable premium, maybe even a bargain.. IF the market wasn't rolling down  Dante's Hill. I parked half my portfolio in this in early Sep, buying the dips. And boy, wish I hadn't been so greedy and put it in the pref shares instead! Hopefully the this doesn't fall too much further. Got about 98 cents of room before payments stop (taking into account

[navgod]

No a bargain was three weeks ago when the premium was 6% at the close on 9/7 GLTA

[dannodotcom]

15% loss, true if you are just talking about the A shares, but that is kind of misleading as you need to take into account the total value of the preferred and the A shares which would be 15.98 (after dist is paid).  So......a drop of only 6% would bring the combo down to $15.02, which would close to the cutoff for paying the dist on the A shares. Hopefully we see a bit of a rebound tomorrow