RE:RE:Big day for FFN, UNIT NAV climbed over 15$When and How they calculate the Nav for the purpose of dividens.
From the Prospectus
DETAILS OF THE OFFERING
Valuation of Assets
"The Net Asset Value of the Company will be calculated by The Royal Trust Company (‘‘Royal Trust’’ or the ‘‘Custodian’’) as of each Retraction Date (as defined below) and as of the fifteenth day of each month (each, a ‘‘Valuation Date’’) by subtracting the aggregate amount of the Company’s liabilities from its total assets."
Because the markets were closed on the 14th and 15th, the Nav on the 15th should be virtually the same as the Nav at close on the 13. When Quadravest decides to announce the dividend has no bearing on when its Nav is calculated.