LICs, page-304

"If you have identical strategies in a fund and a LIC and both are running $50m, I'd take the LIC every day. Because, a fund you can redeem at NTA where as a LIC you may not be able to, especially if liquidity is poor. For long term holders, funds are more efficient. "

is that a mistake Occam, did you mean to say you'd take the fund rather than the LIC ?
it doesn't make sense.