unless I’m mistaken, Lanyon is sitting on 36% cash with BSA as a 5% position, their 2nd biggest with MIN at 10%.
The options (20c) are currently at 0.6%. Assuming full exercise, thats another 2.4% of the fund which reduces their cash down to 33.6%.
So, I don’t think it’s a funding issue.
source: ASX: LNYN managed fund ETF.
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