So true.
The 7.5% is, to be honest, miserly.
Like you said, you can quite simply buy on market at roughly a 5% discount.
I fail to see people knocking on the door to secure a further 2.5% discount.
Especially, when the discount is likely to go beyond 7.5%, as it already is with MHH.
I get the obsession with locking in capital, and the love of closed funds. But please, if you want investors to take on the discount risk, and all the associated crap with closed funds, you will have to try harder.
There are closed funds that have performed spectacularly since COVID that are stilling trading
at a 20% discount.
Magellan - running out of ideas?
Ann: 2021 Interim Results Briefing, page-70
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Last
$9.31 |
Change
0.210(2.31%) |
Mkt cap ! $1.682B | |||
| Open | High | Low | Value | Volume |
| $9.31 | $9.41 | $9.23 | $4.492M | 481.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1861 | $9.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.33 | 741 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| MFG (ASX) Chart |