FTN unit nav to AUG 09 = $ 18.03SO that pegs the common shares value @ $8.03
Last trade at 9.08 shows a premium of $1.05 or 13%.
Best value amongst the split funds i follow, as far as premium goes. Yield still very good @ 16.5% annually at the close, and safety for distributions to coomons is now better than 3$.