Ann: Revised NTA Report at 30 September 2016-MLT.AX, page-2

This is very unfortunate, absolute dismal performance of late.

I have had no choice but to sell off my MLT, and purchased HML as a better alternative.

Currently HML is the best performing LIC on the ASX with +36.51% year to date. http://hotcopper.com.au/asx/hml/

Their direct wholesale fund achieved an amazing +650% return in under 3 years!! MLT can’t compete with that. Also MLT is still trading at a premium even with the poor performance whilst HML is trading at a good discount.