RE:RE:RE:Jun 13 Estimated Common NAV @ 11.48, Premium @ 18.5%At this point, the worry isn't so much NAV as it is a distribution percentage cut, if they can't keep up their income revenues, with their present strategies.
Again, this is just IMHO and I did jump back in today, but not fast enough.
I'm hoping the cooler heads will prevail at this point, but if some of the larger institutions that hold BK feel that the upcoming interest rates hikes haven't been fully priced in, NAV or any other issues will go the way of the willow.
If the distribution is cut back to 10%, expect the unit price to be around $10 or less overnight and maybe even lower.