Ann: Dividend/Distribution - WIC, page-17

Cs, Both of the LICs have their respective pros and cons.... if you are split between the two, why not split your funds between the two and have a bob either way ? I have both, more WIC than WMI, and WIC is more heavily weighted to WA Based businesses or those that have operations common to WA than WMI. The thing I like about WIC is that their major holdings tend to be fairly easy to follow and be held for some time. Some of their picks in emerging resources areas are no doubt riskier than WMI, but they have shown good research into some of their picks ahead of the big boys. They were in Austral long before others picked up the cudgel and also into Nickel with Western Areas ( as a contributor to Battery technology).
WIC Major holdings are reported each month and are easy to put into a table and follow. WMI probably is more into the smaller emerging stocks that need the WAM teams research to identify a good prospect, whereas WIC tends to look more broadly at stocks that meet a possible top down scenario. WIC has a great divvy at the moment and seems to have the ability to reliably continue that for some time. I guess the bottom line is, either would be better that having your money in the bank (as opposed to having a bank stock).