An ASX listed investment company or LIC is a public company listed on the Australian Stock Exchange whose assets wholly or predominantly consist of a portfolio of investments. An owner of ordinary shares in a LIC receives income when dividends are paid by the LIC. An owner of ordinary shares in a LIC is also exposed to the benefit of growth in (or the detriment of falls in) the underlying value of the investments held by the LIC which are usually reflected in the share price of the LIC. ….Read more <Link to Understanding LICs>