RE:RE:RE:RE:BK unit nav to sept 27 AFTER dist. = $18.53Ganyman61 wrote: What method does Quadrevest use to calculate the NAV of the common shares of BK?
Quadravest will use the TOTAL value of the holdings plus cash in the bank to calculate the UNIT NAV, which = one common share and one preferred share ( always valued at 10$).
At last check the UNIT NAV was below 19 $ after distributions were figured in , so today around $18.50 . SO minus the 10$ for preferreds the commons have a REAL value of $8.50 .
Buyers today are paying a huge premium, ( over 28% for sure today) like it is a growth stock with no distributions.
However in the past we have seen much higher premiums on Split fund commons ( DFN comes to mind) that had little to no safety . SO some believe that history is a template that you should follow in these split funds. I think things have changed globallly in the past 3 years , and dont believe we will return anytime soon , to the Good ole days.