ARe you talking about WAM? Or another LIC? WAM is trading at a premium to NTA - so you’d have less money and CGT to pay if the LIC was liquidated. If you want out - why not just sell your shares?
I bought WAM at >20% discount to NTA during the GFC. It’s outperformed the market and has been trading at a 10-20% premium for some time now. Steady income, good management and manager is not a forced seller when the market dips (as open trusts are) are all some of the reasons I hold (plus a CGT bill that would mean I’d get less than NTA in my pocket if I sold). Easy to trade, no wrap account needed, costs better than retail based funds are additional positive reasons.
My domestic portfolio is only ~15% LICs these days but my international portfolio is ~30% LIC’s.
BUT ... agree you need to know and trust the manager as just like direct equities, there are some horror stories out there!
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Last
$1.50 |
Change
0.005(0.34%) |
Mkt cap ! $1.664B |
Open | High | Low | Value | Volume |
$1.50 | $1.50 | $1.49 | $970.1K | 648.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 27390 | $1.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.50 | 102194 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 27390 | 1.495 |
16 | 149519 | 1.490 |
4 | 57586 | 1.485 |
6 | 21755 | 1.480 |
3 | 26338 | 1.475 |
Price($) | Vol. | No. |
---|---|---|
1.500 | 98861 | 7 |
1.505 | 21425 | 1 |
1.510 | 74055 | 4 |
1.515 | 54000 | 1 |
1.520 | 176685 | 4 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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