LCS breaks back above 17$ UNIT NAV.Spreadsheet showing a gain of over 20 cents since the update last thursday.
This is after paying the big quarterly distribution to preferreds on top of the 7.5 cents to commons. One of the reasons that LCS has outperformed the other financial split funds in the past year.
For instance FTN pays out over 60 cents a Quarter in distributions when its paying, LCS pays only 38.15 cents per Quarter.