Disgraceful. No doubt this is either BLA trying to hang on to...

Disgraceful. No doubt this is either BLA trying to hang on to everything that they have so that they can try to sell the underlying management rights to the highest bidder, or Oaktree trying to ensure that when they take over that the value of what they get is maximised. The thought that Wilson Asset Management would not be a good manager of the LIC is laughable given their past track record.

Pity the poor unitholders whose units have fallen in price from 85c a month ago to 72.5c today against a supposed NAV of $1.11 per share.