BK unit nav to Oct 27 = approx: $17.85 before dist.So the spreadsheet showing a loss of 66 cents now since the midmonth update. Conservative management kept the cash position very high and so the downside was mitigated somewhat.
Commons with a value of about $7.65 after distributions. Monday is ex dividend date so the commons distribution will be taken off and BK will start the day 14 cents lower than the close today.
Premium on commons shares (after distributions) is about $1.88 or about 24.5 %. This seems to be what the market is giving for having some safety above the threshhold.