BK unit nav to April 22 = approx: $23.01So BK commons have a value of 13.01 before distributions.
Leaves about 8 $ of safety for distributions. However we may see the price of the commons fall a bit further, but i think the premium should stay above 10% for the next while depending on the markets.
Currently the premium is $1.57 before distributions, and that equates to about a 12% premium.
Market is certainly spooked by decades high inflation numbers and now rising rates. It is also tax time, putting a further squeeze on consumers finances. Effects lingering from the pandemic, are also adding to the woes.