" Listed investment companies (LICs) and listed investment...

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Listed investment companies (LICs) and listed investment trusts (LITs) make up the majority of the listed managed funds on ASX. Investments in these funds most commonly provide exposure to a basket of underlying shares, although there are some specialist funds that provide exposure to other asset classes.
Investment techniques and operational characteristics can differ significantly from one fund to the next, so LICs and LITs can suit many different types of investors.
LICs and LITs are closed-ended funds that normally trade at a discount or premium to their net tangible asset (NTA) backing.
Listed investment companies

LICs are incorporated as companies, and are closed-ended funds. This means they do not regularly issue new shares or cancel shares as investors join and leave the fund. Instead, they issue a fixed number of shares on initial public offering (IPO), and investors must buy and sell those shares on ASX.(Occasionally, new shares may be issued to increase the size of the fund, or shares may be bought back or cancelled to reduce the size of the fund.)
This closed-ended structure allows the fund manager to concentrate on selecting investments without having to factor in money coming into or leaving the fund. This stability can be of assistance to managers who take a long-term approach to investing.
As companies, LICs have the ability to pay franked dividends."

Yes as Davo said , the fact that Clime (who are behind CAM) chose to invest could be regarded as a good sign. Also they are are conservative with the price they will invest at.