I have been a holder of CTN for 3 or 4 years for diversification into micro-caps. I knew it had been treading water for a while, but I was a bit shocked at Bell Potter's report on LICs which has CTN really standing out in all the wrong ways (worst of 20 LICs??). I cannot imagine Bell getting the dividends wrong, which is where a lot of CTN's return has been. Can anyone explain these apparently abysmal results in a more positive light? The image is from this report that AFI has available on its web-site.
http://www.afi.com.au/news.aspx?newsID=89
the worst of about 20 lics
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