Post by
mouserman on Dec 27, 2023 4:13pm
LBS unit nav to Dec 27= approx: $17.67
SO the spreadsheet is showing a gain of about 18 cents since the update last thursday.
After distributions of nearly 27 cents the value of the commons would be $7.40, and compared to FTN, commons about 6 cents higher in value.
FTN has a higher yield , around 19.35% compared to LBS @ 15.4%
Comment by
tinkvid on Dec 27, 2023 7:46pm
Out of all the splits, LBS preffs and Class A have the largest short activity. Preffs moved up swiftly!
Comment by
mouserman on Dec 28, 2023 5:53pm
Normal to see a big short position after an overnite offering with many underwriting agents getting cheaper shares to short against into the market.