RE:FTN unit nav to Sept. 29 = approx: $17.23Today i bought more FTN, it's still safely above the threshold and pays 16%. The s&p500 hasn't closed below the 3636 low from summer, so this is a great time to buy low.
mouserman wrote: So the spreadsheet now shows a loss of 85 cents since the MIDMONTH update.
And that leaves the commons with a value of $7.23 BEFORE distributions and $7.05 after distributions.
So the premium at this point is about $1.45 before distributions are paid, and about 1.63 after.
Premium after distributions is now up to 23%, more in line with others such as DGS and DFN who have less safety but more exposure ot commodity and energy plays.
I reduced my holdings here quite big in the past few days, and now sitting on 80 % cash. Will be more patient buying back in this month.