Well, they have 6 years of profit reserves and lots of cash, so they can sustain it until near the end of this decade.
That's ~60c fully franked back, which I'll re-invest at a 20% discount and compound to be closer to 70c. That's good enough for me.
I don't believe it's an easy switch to Open Ended for this type of structure. It's not structured the same as the Magellan fund, so there's different implications.
VG1 Price at posting:
$1.55 Sentiment: Hold Disclosure: Held
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