WAX 0.97% $1.05 wam research limited

That's true, i went back and had a look. The surplus was 30.1c...

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    That's true, i went back and had a look. The surplus was 30.1c per share and was considered part of the NTA. I imagine this is a large chunk of the 40% cash they hold. I would prefer they use that cash to take advantage of the current market opportunities rather than use it to pay dividends.
 
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