MLT has today announced that the price for shares to be offered...

MLT has today announced that the price for shares to be offered in the upcoming SPP is set at $16.08. This represents a 9.5% discount to today's closing market price of $17.78.

Selling 932 shares on market at $17.78, and buying them back through the SPP at $16.08 would yield an immediate cash return of $1584.40 (less brokerage on the sale and any capital gains tax).

Let's hope we get a similar discount with Choiseul's SPP. As a long-term LIC investor, this whole "get rich quick" thing is something I could get used to...