BK UNIT NAV to Nov 28 = approx: $18.60Despite thye big cash position held by BK , the UNIT NAV still lost about 32 cents since the midmonth update. Value of the commons after dist, to preferreds and commons would be about $8.40. Big premium given as still a lot of safety cushion from the 15$ threshhold. But distributions are going to be dropping again.. and those who have bought in higher recently wont be getting the return they were hoping for. Last sale @ 9.89 means the premium is about $1.49 after dist. or about 17.7%.
LBS has a higher premium, with a lot less cushion. LBS does have the top 4 in lifecos tho, and they wont get beaten up as bad as the CAD banks.