Ann: MGF Fund Update - February 2021, page-343

Converting to an active ETF was never the most likely option.

Magellan are aware of the discount are currently working on a plan to close it. I can't say what that is because I don't know but i have spoken with them directly.

Magellan need to start fresh and reset the business. Starting with an annoyed investor base won't be the way forward. What makes you think the buyback has stopped? I see no evidence of that.

In terms of your 0.7 cent valuation, that's completely arbitrary obviously.