Agree that the options are in trouble and I think your dividend...

Agree that the options are in trouble and I think your dividend yield forecast is pretty accurate. If anything it may be a little higher because you didn't factor in the rent on the Penrith shopping centre (only one of the three properties currently earning a rental income). I also agree that they will be wanting to pay some kind of dividend sooner rather than later as they need to be "selling themselves" as a good income stock. Not too many people looking for "growth" in an LIC (even if this one isn't very traditional). It also wouldn't surprise me if Soul Patts just injected more capital either via the options or an SPP.