Post by
mouserman on Aug 21, 2023 9:07am
I see where you are looking at NAV for preferreds
It works out the same tho. For DGS the value of the preferreds is not WHERE it trades, its the NOMINAL value of the preferreds (10$) plus the prorated distribution amount of 12 cents , which makes it $10.12 You deduct that from the UNIT NAV and you get the NAV of commons.
All i am saying is you cannot use the trading price of the preferreds in relation to the UNIT NAV when figuring the NAV of the commons.
Comment by
AnEducator on Aug 21, 2023 1:11pm
Buddy, we are both far too experienced to ever use the trading price of the preferreds to calculate the NAV of the commons. That would be embarrasing to the extreme. Seriously, if I have ever done that, I ought to quit posting on this board for good.
Comment by
mouserman on Aug 21, 2023 4:23pm
Might have been a different poster who said the UNIT NAV didnt add up properly because of the price of the preferreds... but I have never seen a mistake on the calculations from Brompton. They did change the UNIT NAV down by a penny last month after posting $15.10 the first day....and not sure why they rounded up on that number. Sounds like a thing Quadravest might do tho.