Down about 4% so far todaySO i would guess the NAV for DS down between .20 and .25 since the close yesterday.
So NAV still above 5.65 by my reckoning.... and now trading at 5.20 , so the normal 8 to 10% discount . But a bit surprising that sellers are dumping on the day before ex dividend date, at a substantial discount.... forgoing the distributions..
I believe this is the biggest reason to be in.
For the next few months at minimum very few of Quadravest funds will be paying out, and most are trading at premium s to NAV...logic does NOT apply to traders .....they are NOT in it for the distriubtutions or safety.
I am happy to sit on this one , at an average buy under 4.60