Ann: Net Tangible Asset Backing, page-14

Thanks JustBob, you are a wealth of knowledge in terms of LICs with good income streams. WAM does seem to be the missing link I need. They are holding well at $2.00, but I suspect will fall back to close to NTA when they go ex-div, and if market falls. Good for buying!!!

So far I have CDM, CTN, ALF in equal portions, so I will be adding WAM below $2.00. I have concluded WAM is a better balance than WAX and WAA, if I am going to only buy one.

WMK haven't held up well in this market correction, but probably more to do with ACR position?