DUI 3.75% $5.13 diversified united investment limited

Any ideas why DUI might trade at a decent discount to NTA as...

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    Any ideas why DUI might trade at a decent discount to NTA as compared to say Argo or AFIC? Similarly AUI. I'm not sure of current level but seemed to be around 7% at the end of December and presumably similar now.

    I've had a look at a few other LICs and the discount to NTA seemed logical either due to lopsided holdings, high MER or poor performance but from what I can see DUI (and AUI) seems pretty good all around.

    One might argue the holdings are relatively low growth but it seems at least comparable to (say) Vanguard VAS.

    Any thoughts or comments most welcome.
 
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