RE:NAV June 22Correction: The preferreds trade ex-dividend in August, not in July. The NAV needs to rise by ~
3.61% to reach the $15.10 target.
AnEducator wrote: ~$14.57. Closing premium on capital shares: ~.40.
The NAV will need to appreciate by ~4.57% to achieve the payment threshold in the next month of trading, a monumental hill to climb. This is a result of the quarterly .1375 dividend that will be need to be paid to preferred shareholders.