One would think the directors and shareholders of a number of the smaller LICs will be closely watching how yesterday's proposal to restructure MA1 into a ETMF goes. This appears to be a not that costly mechanism for bringing the market price close to NAV. If successful, I could see pressure being brought to bare on a number of the smaller LICS currently trading at a substantial discount to NAV to follow suit.
Disclosure: MA1 held.
Is it the end of the Listed Investment Company?, page-72
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Last
$1.50 |
Change
0.005(0.34%) |
Mkt cap ! $1.664B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.50 | $1.49 | $970.1K | 648.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 27390 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 102194 | 8 |
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| WAM (ASX) Chart |