No way, this is great news! A trust like a LIT needs to distribute all of their earnings as distributions. The international fund will distribute over $0.50 (over 25% of its value) in distributions this year. FOR obviously had some losses to offset, so no big CGT bill for us shareholders.
If you want a steady income stream buy a LIC not a LIT.
Hopefully this good news puts a rocket under the share price tomorrow!
No way, this is great news! A trust like a LIT needs to...
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Last
$1.51 |
Change
-0.015(0.98%) |
Mkt cap ! $150.7M | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.52 | $1.51 | $25.61K | 16.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30881 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 7232 | 2 |
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| Last trade - 15.46pm 01/05/2024 (20 minute delay) ? |
| FOR (ASX) Chart |