Sorry for sounding like a complete idiot but I still dont understand why the NAV dropped $3. They paid dividends..ok I understand that..but shouldn't the NAV still be in the ballpark of the share amount of the dividends paid. They were paid at one amount and the NAV dropped dramatically. Therefore, they say they paid x amount in dividents (at a higher NAV) but in actuality I did not recive x because the NAV dropped (the share price is lower). Sorry for not understanding the concept but I would love if someone could explain it in laymans terms.