LHC is not only concerned about maximising the return for their unit holders. LHC is also concerned with maximising the return for LHC.
This is what I understand to be true. Correct me if I am wrong. By setting the price of ISX as low as an expert can argue is relevant, LHC minimises its own risk if one of its unit holders chooses to exit its unit holdings. If the unitholder exits before ISX returns to the market, LHC only needs to pay .04 cents on the ISX shares and the unitholder takes the loss. If, however, when ISX is allowed to trade amd enters with a higher price, say 40c, then LHC must pay the unitholder the difference. However, if the expert had valued it at 50c, LHC would have had to pay the unitholder 50c upon exit and LHC could not "claw back" the 10 cents from the unitholder when ISX returned to the market at 40c.
Setting the price as low as possible, minimises LHC's risk. It is not an accurate quotable value of ISX.
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