RE:RE:RE:FFN unit nav to Feb 23 = approx: $15.33Indeed, 11 cents of the reduction of NAV goes right back into one's pockets so no one should think of it as being 'lost'. Only the 8 cents going to the preffered is 'lost'. But both will still of course will effect the potential of future payments...
But remember, there is also the ex-divy of the funds holdings to consider which feed into the fund and increase the NAV! While it doesn't make up for either payment it does give something back, about 5 cents on average per month. Now the banks pay their divy quarterly and it seems only 2 banks paying this month BOA, MS so that probably won't boost the NAV by 5 cents this month, but it's still be something.