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Stockchase Opinions

Hap (Robert) Sneddon FCSIIncome Financial TrustINC.UN.TOCOMMENTMay 11, 2017

The chart looks like it has a nice little trend. Has a nice base. The longer it sticks around the $12.80 and then breaks out, the more power it has.

$15.85

Stock price when the opinion was issued

$10.25

As of Jun 19, 2026. Market Open.

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COMMENT
NAV $7.42, but trades around $9--why does this happen? It can happen. Unlike an ETF, a close-end fund won't allow you to take the securities it holds--and it likely holds a lot of illiquid securities. You can move in and out of presumably good cash flow on instruments, hence the premium. That may explain the difference here.
COMMENT

It is trading at double the NAV. He does not know enough about it to say why it is trading at such a premium. It has all the banks and US financials. He thinks there is something wrong here. He would want to do some homework on it.