Post by
mouserman on Nov 23, 2021 6:06pm
FFN unit NAV to Nov 23 =$ 17.45 before dist.
So now showing the UNIT NAV gain at about 17 cents since the midmonth update.... and after distributions the NAV for commons would still be approx. $7.28 .That puts the premium to NAV for commons at .35 after distributions ARE taken off. Works out to 4.8%... and that is a bargain with the yield at 17.85%.
Comment by
PileOfShit on Nov 24, 2021 2:54am
This post has been removed in accordance with Community Policy
Comment by
mouserman on Nov 24, 2021 10:45am
FFN distribution to commons is .11335 monthly Premium is .34 /7.28 = 4.67% AFTER both distributions are taken off.
Comment by
PileOfShit on Nov 24, 2021 5:51pm
This post has been removed in accordance with Community Policy
Comment by
canoehead on Nov 25, 2021 9:57am
What!! The total NAV is $17.45, the total distribution is $.17 which leaves the NAV at $17.28. So the NAV of the class A shares is $7.28. Mouserman's calculation is exactly correct as usual. GLTA