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Bullboard - Stock Discussion Forum SCITI Trust T.SIN

Financial Services Asset Management

"SCITI Trust was established under the laws of the Province of Ontario on April 24 2003. The company is an investment trust which invests in the equity securities of income funds, corporations and other entities that reflect the makeup of the 50 highest yielding members of the Scotia High Yielding Equity Index on an approximately equal weighted basis."

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Bullboard (TSX:SIN)

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Post by navgodon Apr 25, 2018 4:07am

Exchange Offer undersubscribed

The exchange offer to FTN was approximately 70% subscribed even though the offer was complete gift especially to existing holders of SIN. For those of us who had to go out and buy SIN in the ...more

111

Post by DanielDarden123on Apr 14, 2018 12:51pm

Would Be Nice

If another CEF with a similar portfolio stepped up with an Exchange Offer. Easy way to boost AUM significantly without much expense. Still 2 wks. Before termination. Depending on the details, I would ...more

101

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Comment by nilelynon Apr 14, 2018 11:56am

RE:RE:RE:RE:any idea why trading above NAV now? nt

thanks my math concluded about the same yield is enticing therefore might be best to avoid have been burned previously another unknown is what the sin nav will be at the end of april ...more

Discussion

Comment by YellowBrickRoadon Apr 13, 2018 1:46pm

RE:RE:RE:any idea why trading above NAV now? nt

FTN carries the highest premium to NAV of the split share corporations I follow, currently about 38%. The conversion offer reduces the discount by about half, but that is still too high in my ...more

Discussion

Comment by nilelynon Apr 12, 2018 4:14pm

RE:RE:any idea why trading above NAV now? nt

any thoughts on the conversion ratio or ftn as an asset?

Discussion

Comment by YellowBrickRoadon Apr 11, 2018 11:27pm

RE:any idea why trading above NAV now? nt

Perhaps due to the offering from Quadravest to exchange units of Sciti trust for units of FTN. Link: Financial Split Corp Announces Exchange Offering

Discussion

Post by nilelynon Apr 11, 2018 2:33pm

any idea why trading above NAV now? nt

thanks

Discussion

Post by DanielDarden123on Apr 23, 2015 12:34pm

When to Buy?

Because this is probably to only fund that pays out only the income after expenses with no return of capital, it is able to retain its' NAV long term. Short term the reduced distributions from the ...more

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Post by DanielDarden123on Jan 01, 2015 2:42pm

Volatile

Because of the 25% leverage constantly, the increased volatility should be factored into ownership. However, because the market moves higher over time, the leverage should be a positive long term.

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