RE:LFE unit NAV now slightly above 15$ I have the portfolio up as of right now about 4.4% from the Oct 31 valuation of $14.47 That would, in theory, put it about $15.10
One caveat to think about, they pay a very large distribution to the preferred shares and don’t take in enough to cover it, so they probably have
a large amount of the portfolio where the use call options to generate extra cash, that in turn will put a bit of a lid on the upside as some of the shares
in the portfolio will be called away. That being said it still trades at a substantial discount.
mouserman wrote: Quadravest just updated the website with reports to the end of October.
LFE was holding 14% in cash , so that means the value of the holdings was 12.45
The biggest gainer in the lifecos was IAG and that is LFE's smallest holding, so that reduces the gains a bit. Overall LFE portfolio should have gained just under 5% with todays move, so 12.45 x 5% = 63 or so.
So that should put the UNIT NAV up around 15.10 ,but just a guesstimate and todays close may be higher or lower.