We believe that the NAV, when reported in 11 days, will result in a NAV of $13.96, a reduction of -8.7%.
The expected Q4 TR on NAV (including distributions) is therefore -4.77%.
At the current price, the premium would be over 10% and a "SELL"
One caveat: High yield has come back some in the last two weeks meaning a 'current' NAV would likely have seen some rebound.
We reduced the target weight in the Core to zero.