anyone that could make sense of that announcement deserves a medal.
all I got out of it was if you hold the loyalty options past the conversion date you are in trouble.
I have no intention of taking up the options. I just want this thing converted already.
if I never see another LIC it will be a good life. I am so sick of the massive discounts and the pointless efforts by managers to keep them close to NTA.
At least this fund is implementing the only solution. That is, get rid of it.
MA1 Price at posting:
$1.03 Sentiment: None Disclosure: Held
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