LBS unit nav to March 15 = approx: $17.14So the spreadsheet is showing about a 90 cent loss in the UNIT NAV in 4 sessions since March 09 update.
That leaves the commons with a value of $7.14 before distributions. 10$ is always the value of the preferreds. The premium has grown to $1.46 BEFORE distributions, and now is 20.4 %
IN normal times this wouldnt be a unreasonable premium. But i do think there will be bounces up , followed by bigger losses when we get news of smaller banks suffering from the contagion caused by the frequent big hikes in interest rates from central banks across the globe.