Quote Originally Posted by CJ View Post
It is clearly opportunism but it they can realise a 25% gain by closing the fund, then why wouldn't you.
because there may be investors who still want to be invested in the asset class and are supportive. To fisher's credit the implementation of a capital return through increased dividend payments which is designed to increase investor interest and narrow the gap to NAV is an example of good governance.

My personal opinion is LIC's are a bit of a flawed structure and should'nt be allowed but nonetheless I don't see criticisim leveled as balanced or fair.

And no im not invested nor am I any particular fan of carmel and co.