YOY the reserves held to pay dividends fell 4.50c when they paid out 5c (all NAOS LICs fell by a similar amount).
One of their big holdings BRI has already downgraded their FY24 forecast.
Big risk that the DPS will have to be cut when you have 13.5c available & you're paying out 4.5c out of 5.0c from historical reserves.
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YOY the reserves held to pay dividends fell 4.50c when they paid...
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