I think you will find their zealous protection of franking credits has nothing to do with small retail shareholders. They are the biggest defenders of closed LICs in the country. If the franking credit reforms went through, the investment model would have collapsed overnight. Self interest... In relation to their significant outperformance... I encourage you to do the figures, based after fees. Their performance figures do not reflect the true return to shareholders. It's pretty easy to show significant outperformance when you conveniently don't account for fees.
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I think you will find their zealous protection of franking...
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7 | 73417 | 2.200 |
4 | 35566 | 2.190 |
7 | 76375 | 2.180 |
4 | 54770 | 2.170 |
Price($) | Vol. | No. |
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2.230 | 2284 | 1 |
2.240 | 8879 | 1 |
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