RE:RE:Cat's Out Of The BagThe prospectus is quite clear on the sub-$15 NAV. They have paid a div in the past when the NAV has been hovering just under the mark (DF may pay out this month on todays close rather than last Friday's) but not when the NAV is so far underwater. Also a payment to the commons when the NAV is in the low $14 range would be prejudicial to the interest of the Prefs.