Unlikely to drop to $1.10 without some global meltdown. PL8 is...

Unlikely to drop to $1.10 without some global meltdown. PL8 is well run and have a proven ability to pay the monthly dividends, which suits many retirees, and with good returns which are fully franked, most shareholders hold on. During the pandemic PL8 dropped to the 90s, but from there quickly bounced up again. The management reduced the dividends because of the downturn, but it too was slowly increased to the current amount.

With good management, reasonable fees, the shares are tightly held. Also there is no performance fees for management which is good all round and prevents management doing things to increase their potential performance bonus as other LICs seem to do at times.

If you really want shares you can buy as a management fund with the same name, but 50k minimum, and quarterly dividends, but you buy at NTA, or wait till the next SPP. They will most likely do one every year if we all keep asking.

George