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Stockchase Opinions

Jeff Parent B. Eng. FCSI CIMFaircourt Income & Growth Split TrustFIG.UN.TOPAST TOP PICKDec 04, 2009

(A Top Pick Nov 28/08. Up 171%.) Still likes. Closed-end fund and NAV is about $4.20. On a nice trend. Closed-end funds trade on discounts and this discount is pretty steep at 35%-40%.
$3.17

Stock price when the opinion was issued

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Mutual fund and the first $100 million is owned by preferred shareholders who have guarantees on income and capital. Portfolio is about $100 million and $510 million with the balance being owned by the capital unit holders who take all the risk. No longer pays any income. Only take a very small position and be willing to give it all up. If the market goes up 10%, this could go up by about $5.