NAV January 16~$14.56. Discount on capital shares: ~$0.51. Distance below threshold: ~3.03%.
All things considered, the final outcome today was not as bad as it could have been. Canadian core inflation data came in hotter than expected, one of the Fed officials in the U.S. was not as dovish as expected causing yields to rise, and general bearish sentiment prevailed after quite a rally to end 2023. The Canadian financials improved at the end of the day and the CAD weakened by more than a third of a cent, helping to mitigate some of the loss in the NAV.