Business
Lanyon looks to consolidate LICs with its first public fund – The Australian Financial Review
Terms are out for Lanyon Asset Management’s first listed fund, which will raise $25 million.
Prescott also has aspirations to buy up other LICs that are trading at a discount.
Theres a number of LICs with market caps sub $150 million that have perpetually traded at a discount to NTA and the managers either seem disinterested or unable to close…
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