DF unit NAV to AUG 05 = approx: $14.46So DF has LOST 14 cents since the july 29 update, and todays Quadravest update shows a decrease in cash from 14 % at june 30 to 13% at JULY 29.
The value of the commons in DF is now $4.46 and so needs 55 cents gain in UNIT NAV next week to make the cut for distributions to commons by the 15th of August. These markets are very volatile and macro conditions not really prime for a bull market jump in the summer.
$4.90 close for DF means a premium of almost exactly 10 %... FTN with 3$ of safety for paying to commons, also trading at around a 10% premium...i know which one i would buy for income.
Now for trading DF is much better, with huge swings up and down with the markets. Timing these is tricky , but can be done.