FTN unit nav to Sept 14 th = approx: $16.83So now FTN showing about a 33 cent gain since the AUG 31 report. Quite a recovery from the sell off last week. Commons have a value of $6.83 or so.
Premium today would be about 96 cents at the closing price of $7.79 on the commons. Works out to a premium of 14 %. Very respectable premium in a upbeat market, like we had today.