Perfectly explained, better than my butchered attempt haha.
At the end of the day these trapped funds are a good source of income for MFG at 1.35% plus a performance fee.
I don't think the investors are "scammed" either with dilution paid by Magellan and a historically statistically good investment performance.
The funds restructure will naturally have some slight teething problems but long term will be a good thing with a simplified investment structure (less costs) and easier process to apply for the open ended Global Fund via ETF or old application process.
For disclosure I am happy owning both MFG and MGF and glad I topped up at around $47.60
Ann: Magellan Global Fund Partnership Offer Opens, page-9
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Last
$8.17 |
Change
0.120(1.49%) |
Mkt cap ! $1.476B | |||
| Open | High | Low | Value | Volume |
| $8.13 | $8.19 | $8.02 | $7.572M | 930.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2184 | $8.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.18 | 6348 | 4 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$8.13 |
Change
0.120 ( 0.90 %) |
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| Open | High | Low | Volume | ||
| $8.15 | $8.18 | $8.02 | 85682 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| MFG (ASX) Chart |