Financial 15 Split Corp T.FTN

FFN Retractiin and Quadravest

[Master1917]

Just saw on FFN board that people discussing potential risk to Quadravest viability because if FFN retraction. If large % of FFNs are retracted, are other Quadravest funds like FTN at risk? ...if Quadravest goes under.

[navgod]

Don't Panic  what I said over on the FFN board was if there was a very high level of retraction in most of the Quadravest funds up for retraction -- FFN DFN DF LFE etc there would be no Xmas bonuses at Quadravest. There is a very very small chance of this occurring. Quadravest is not going under -- if it ends it will be with a wimper not a bang.  GLTA

[Master1917]

Thanks, nop panicking, but I hear this as cost benefit risk prifile may be very risky. Getting 10% to converge to nav vs dilutive split... both multiplied by respectuve probabilities. Are you holding through friday?

[navgod]

R U referring to FFN or FTN?

[Master1917]

FTN and/or FFN.

[navgod]

Am holding both to Friday and beyond for whatever that is worth.No reason for FFN to converge to NAV but the removal of uncertainty around retraction should help. FTN should converge to NAV but a year is a long way away.  Good Luck

[Master1917]

Thanks. Re convergence to NAV, isnt nav the biggest/only fundamental for the splits... amplified by speculation. But arent you buying/selling these splits based on nav?

[JimBoSS]

I would be very  intrested in hearing what Mouserman has to say on this topic>