Yep, fully agree, and from my own perspective, I don't mind re-investing franked dividends back into the NTA at a discount. It's a great little win-win for long-term investors. I really hate paying such a big management fee for the privilege of that though.
At a certain point though the management fee will no longer be "covered" by the discount, and I'll have to look elsewhere rather than keep subsidising the managers lifestyle.
Yep, fully agree, and from my own perspective, I don't mind...
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