Below NTA, page-4

reckon you're right there.
the impending loss of franking credit refunds ( if Labor wins the election as widely predicted ) will reduce the value of many LICs
which many investors use for a growing stream of fully franked dividends.
the older traditional LICs AFI, Argo, Milton and BKI are now trading at discounts to NTA
of 3%, 5%, 6% and 7% respectively.
true that they fluctuate over the years between premiums
and discounts, but it seems too much of a coincidence with the upcoming election.