This is an odd one. Basically an $1 billion LIC with the caveat that $390million (39%) of that is invested in one company: Event Hospitality and Entertainment. I'm led to believe that CIN is more or less of a family office for Mr Rydge, who is also the chairman of EVT. EVT is a business that I struggle to express a strong opinion about and it seems that the prospects of CIN being subject to a takeover are unlikely due to Mr Rydge Holding over 50% of the company. The discount to NTA does amplify portfolio returns, however I just can't get excited about this one due to the low prospects of meaningful capital management or realisation of underlying value for shareholders.