DFN UNIT NAV to AUg 5 = approx: $16.40So commons of DFN now have a value of $6.40 and with the last trade @ $7.44 DFN commons trade at a premium of 1.04 or about 16.25%.
Really not a high premium by historical measures. Because of DFN great history of paying to commons, they used to carry a 25% premium more often than not. But times have changed and certainly more risk is being taken of as we see premiums on the likes of DF and FFN commons which are underwater and likley wont pay very many months this year. Still gamblers are coounting on a full on bull market and distributions of over 25% in the coming months. And that despite the chances of a huge recession with the rising interest rates and crashing house prices.