why such a discount?, page-4

I like LICs are lower risk core holdings, however u want to understand their core holdings. MLT is mainstream overall, with some nice additions to add lower risk interest IMO.

MLT longer term seems to have period in line with NTA (or slight premiums) so to my current price looks reasonable.

I also like and hold BKI. Low expense ratio too. Only caveat is you need to be comfortable with NHC to hold.

MJS

PS. I don't hold yet, but I do have a buy in the market so could anytime really.