RE:RE:NAV April 11The preferred shares have accrued ~$0.03 in dividends to date, so we need to account for that. It looks like I made a mistake in that the accrued dividends reduce the NAV of the capital shares, so the premium was actually higher by $0.03, not lower.
To clarify, if the NAV was currently $15.00, the capital shares would be worth $4.97, not $5.00.
azzurri wrote: Point of clarification. If DFN Class A's closed at $5.53 on April 11 and the NAV is ~$15.07, doesn't that cause the premium to be ~.46? Just trying to make sure I understand.