RE:RE:FTN UNIT NAV = approx. $19.99 to Feb 19 close..The stock is at $9.85 while its' NAV is $9.99 (don't forget to subtract the $10 for the preferred), so it is only 14 cents below NAV. Traditionally the NAV of the combined shares go to below $20 and get support at $15 when the divvies are suspended allowing it to rise again.
There is very little chance it will go up much from here but will keep paying a divvy unless there is another financial meltdown. Question is do the receiving the divvies compensate for the times they are suspended.. DFN paid well its' whole life with the exception of a few months last year, Others have not paid more than they have paid. All part of the gamble.