Financial 15 Split Corp T.FTN

FTN NAV

[Golferman]

FTN NAV is up again today...... However some selling today. I guess some portfoilio trimming, I do expect it to be green by end of day today.

Golferman

[mouserman]

In realtime i have the UNIT NAV @ 18.43 AFTER distributions as we have gone ex divvy. The gains since the mid month update were over 58 cents. Now the commons carry a value of $8.43  and the last sale @ $8.10, equates to a DISCOUNT of about  4%... dont think i have seen this before with FTN or any of the other split funds, with a UNIT NAV this high.

[Golferman]

Thanks Mouserman..... Yes FTN is trading a a big discount. I as well can't remember this large of a common share price discount to the NAV, when the NAV has been this high above $15.00. Golferman

[Golferman]

Should now be coming close to $18.50 NAV..... Discount getting bigger. Golferman

[mouserman]

CAD has started to gain on the USD , as good news ( or maybe bad) about the  improvement over the last few months  in GDP in Canada. Canada GDP Grows Stronger-Than-Expected 0.6% in January OTTAWA—Canada’s economy made a solid start to the new year with growth in the first two months tracking well ahead of the Bank of Canada’s forecast, reinforcing expectations the central bank

[Golferman]

Hard to believe we are red today with most of FTN's holdings running into close..... would not be suprised to see Mousermans end of day NAV @ $18.50

[mouserman]

Yes very strange that FTN is in the red, particularly because it is trading at a discount even after paying out the  big 20 cent  month distributions. CAD now has dropped back from the high just below 74 cents.. so that is not much of a factor at all now..