Opinions
Hap (Robert) Sneddon FCSI
Income Financial Trust
INC.UN-T
COMMENT
May 11, 2017
$15.850
Stock price when the opinion was issued
REAL ESTATE
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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.
REAL ESTATE
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.