Ann: Appendix 3Y Change in Directors Interest - G Wilson, page-30

That's very true that it's always about chicken and hen situation take one and lose other and maintaining both requires smart managers while in WAM all they interested in is their 2% performance fees without performance ..IMO... !

I was surprised when they try to takeover PAF which mostly owned Asian stocks now why would Wilson wants to go out of Australia to the companies that never gives (or hardly) believe in giving dividends and for capital growth it would have been better if he had tried to get into US market where capital growth is the key criteria for all the funds due to tax efficiency ... !

If WAM maintain same dividend now onwards so 15.5c per year for next 3 years if not more then i am sure none of the existing dividend holders will go anywhere because they are still getting handsome return on their original investment they did 10 year ago and also there isn't any LIC that gives out more then 4% dividend secured. AFI gives roughly gives 3% or less ... !