RE:I see where you are looking at NAV for preferredsBuddy, we are both far too experienced to ever use the trading price of the preferreds to calculate the NAV of the commons. That would be embarrasing to the extreme.
Seriously, if I have ever done that, I ought to quit posting on this board for good.
mouserman wrote: It works out the same tho. For DGS the value of the preferreds is not WHERE it trades, its the NOMINAL value of the preferreds (10$) plus the prorated distribution amount of 12 cents , which makes it $10.12 You deduct that from the UNIT NAV and you get the NAV of commons.
All i am saying is you cannot use the trading price of the preferreds in relation to the UNIT NAV when figuring the NAV of the commons.