Q: Can you provide an 'idiot's guide' answer to what FTN is and how it works.
Would it have been a good investment over the last 3 years compared to an average dividend paying stock?
Would you recommend it as a good investment for the next 3 years given anticipatedmarket conditions? Thanks
Would it have been a good investment over the last 3 years compared to an average dividend paying stock?
Would you recommend it as a good investment for the next 3 years given anticipatedmarket conditions? Thanks
Q: I have a question about FTN.A (and other split shares) and exactly what happens on the 5 year termination date.
I gather that the preferred could be redeemed or rolled over at whatever the new rate is (not 100% sure on the redeemed part) but on the class A are they redeemed and reissued (so your value stays the same over a different #of shares) or do they just truck along?
I'm guessing the latter as they need to match with the preferred. Can they be tendered if the price is lower than the windup amount (which is rarely the case I know but this is just about understanding the mechanics)?
And lastly are they ever wound up in practice?
I gather that the preferred could be redeemed or rolled over at whatever the new rate is (not 100% sure on the redeemed part) but on the class A are they redeemed and reissued (so your value stays the same over a different #of shares) or do they just truck along?
I'm guessing the latter as they need to match with the preferred. Can they be tendered if the price is lower than the windup amount (which is rarely the case I know but this is just about understanding the mechanics)?
And lastly are they ever wound up in practice?
Q: I'm having trouble understanding why FTN keeps having these unexplained price drops!!Last time it happened I bought a lot of it and sold it for a hefty profit a few days later,which I then invested in FTN.PR which just raised its dividend to 9.25%.Now FTN is back down to where I bought it a few weeks ago!!!The yield is 22% and as long as the NAV remains above $15 it will pay the dividend,NAV is $16.82 as of Sept 15.I know you're not a fan of split shares or short term investing,but would FTN not seem like a screaming buy here???