RE:FTN unit NAV $17.72 to June 28 OOps kind of confusing there. After distributions the premium on the commons would be $2.18 and that works out to 28.9% ... before distributions the commons premium would be almost 2$ exactly.
That premium would be less of course @ 25.9%
mouserman wrote: FTN has lost about 20 cents since the mid-month update and so the commons would now have a value of $7.72 before distributions. After distributions to preferreds and commons of about 18 cents ... the commons would then carry a value of$ 7.54. Ex divvy date tomorrow so TD adjusts the value of the commons as the open tomorrow.
SO the premium after distributions on the common shares would be about $1.98 at the close today. That works out to about 26%.