Opinions
Larry Berman CFA, CMT, CTA
Income Financial Trust
INC.UN-T
COMMENT
Nov 13, 2017
$19.250
Stock price when the opinion was issued
REAL ESTATE
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
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
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.