valuationThis response from Quadravest, manager of ppl
Hello,
The net asset value is based on one unit (one PPL and one PPL.PR.A) and represents the underlying net assets of the portfolio. The Preferred shares will not receive any more than their $10 issue price at windup therefore a common valuation method would be to assume the intrinsic value of the Class A’s to be the net asset value less $10.
Regards.