17% was the portfolio performance ie NTA plus dividends plus franking credits.
NOT the share price.
AFI used to trade at a significant premium to NTA but now trades at a discount ( approx 7% )
hence the 12 month share price performance is much less than that of the NTA because the share price has gone from a premium to a discount.
the differences between NTA performance ( includ divvies reinvested ) versus that of share price for many LICs can be seen on page 6
of the latest Bell Potter LIC review dated 8/4/24
https://www.firstlinks.com.au/uploads/2024/reports/BP_LIC_Weekly_Report_Indicative_NTA_8_Apr_2024.pdf
if you buy longstanding LICs such as AFI at periods of discount to NTA rather than at premiums, you can perform better
than quoted performance figures
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Ann: NTA & Top 25 Investments as at 31 March 2024, page-3
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