FTN unit nav to OCt. 28 =$22.24 after distributionsSo after the 12.5 cent distribution to commons and and 5.6 cent to preferreds, the UNIT NAV now stands at $22.24.
FTN last trade at $11.64 leaves the commons trading at a 60 cent discount to NAV even after the distributions are taken for the month. Discount is almost exactly 5%...