Financial 15 Split Corp T.FTN

FTN UNIT NAV to April 15 = approx: $17.79

[mouserman]

So my spreadsheet is showing a loss of 60 cents since March 29....
safe for  distributions for at least a month unless the next 2 weeks of April is worse than the last 2.

[Investability00]

FTN has lots of safety, so I'm not sure what you are talking about there!?!

[FatTraderDude01]

Let me try this one... FTN has financial stock exposure.  If that sector falls more rapidly as it has since the end March, distributions could be effected. I thinkCanadian rates "could" drop in June so that should help Canadian financials. If the US dollar drops dollar could rise, further elevating Canadian financials... JMHO.  

[mouserman]

The Financial Post reports in its Tuesday edition that economists believe that Canadian inflation likely increased again in March, but not by a enough to impact the Bank of Canada's plans. The Post's Denise Paglinawan writes that inflation rose to 3 per cent last month, after a surprise drop to 2.8 per cent year-over-year in February. Last week, the United States reported that inflation

[NobleHouse]

I agree completely , every time there is even a minor correction , the board guru advocates doom and gloom , Sell sell sell , go into preferred or elsewhere , now where is elsewhere safe from this recent correction. I appreciate his daily NAVs and maybe he should stick to that , the reason everyone applauds him , however over recent times his investing recommendations leave alot to be desired and

[Toppicks1]

Safest dividend stock of all time is eit.un. There is places to hide. It has paid 10cents a month for 15 years.

[mouserman]

Sure seems to be faring better than FTN , FFN,  LCS and the host of other splits. But with the yield under 9% i feel just as safe with FTN.pr.a and perhaps some of the floating preferred like EMA.pr.b... I do like that EIT.un has exposure to gold with some of the best names in the space..

[Richou77]

Lasr official NAV by Quadravest March 28th was $18.59.  So, with a loss of 60 cents NAV should be $17.99 or it's a loos of 80 cents?

[Richou77]

Oh, after distribution, NAV was $18.39  With a loss of 60 cents NAV is $17.79

[Golferman]

Hope we get a nice rebound today with the US banks. Golferman

[mouserman]

quadravest updated and UNIT NAV came in @ $17.80, so i was a penny low... nice surprise.