BK unit nav to OCT 22 = approx; $21.67 before dist.SO spreadsheet showing a gain of about 18 cents since the updated numbers OCT 15 .. after distributions of 21 cents this month , ( preferred + commons) the commons would then be valued at $11.46... and with the last trade @ $11.52 for BK they are at a slight premium, after distributions are accounted for. One of the rare split fund commons with that kind of valuation. They are the highest safety margin for paying to commons. But as the share price drops so too does the distributions. Buying here may see declining distributions in the new year. One of the big advantages tho, is that lowering the distributions based on the last 3 trading days in each month keeps the payout more sustainable is we see an extended down market in the banks.