One would think the directors and shareholders of a number of the smaller LICs will be closely watching how yesterday's proposal to restructure MA1 into a ETMF goes. This appears to be a not that costly mechanism for bringing the market price close to NAV. If successful, I could see pressure being brought to bare on a number of the smaller LICS currently trading at a substantial discount to NAV to follow suit.
Disclosure: MA1 held.
Is it the end of the Listed Investment Company?, page-72
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$1.52 |
Change
0.010(0.66%) |
Mkt cap ! $1.675B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.52 | $1.51 | $98.92K | 65.18K |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 49320 | $1.51 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 40597 | 4 |
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