at a glance the other day it did seem like the discount on the glennon LIC was wider than I expected. I think there are options and or other tricks to it that could dilute the NTA in the future however. I haven’t looked at that side of things closely yet. I suspect if you look at after tax NTA and account for all that the discount might not be near 30%? Have you looked at outstanding options on that one Pj?
Ann: Investment Update, page-5
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