FFN unit nav to April 12 = $ 16.34 So we saw a gain of 29 to 30 cents, even with FFN sitting on a very big cash position at last report of 21% , which was a result of the latest offering which saw commons picked up at 7$, and preferred at 10$ for a capital raise of 47 million $.
I suspect they put some more of that cash to work since March 31...
With the last trade at 7.05 the premium is around 11%