I would not argue with a valuation assessment that leads to a buy at these prices. But I think the NII/share being below the dividend is a concern. PNNT also failed to sound committed to keeping the dividend at 28 cents while at the same time saying that it had plenty of retained earnings ($0.53/share) to pay a dividend in excess of NII. PNNT said they had the money - but they are going to do what is prudent. I like that about them. But I believe the price is falling because the $0.28/share/quarter dividend is on less than firm ground.