Post by
mouserman on Sep 05, 2024 6:15pm
FTN unit nav to Sept. 5 = approx: $18.43 after dist.
FTN now has lost about 15 cents since the update Aug 30. With the last trade @ $8.13, 30 cents seems like a healthy discount.. considering the safety involved above the $15 threshhold. Seems to be some fear of a september seasonal meltdown that happens historically . ALTHO election years are not usually as big of a pullback. US banks have been weaker than normal, as some cracks seem to be appearing in the books ... Buffet dumping a huge part of his BAC holding also not helping. Not sure he is done yet either.