Well, the 7.5% is not even a give away, as currently trading at 8.5% discount to NAV.
If there was anyone foolish enough to execute the options or subscribe through dividend reinvestment (both at 7.5% discount to NAV), Magellan could simply by the MGF stock from the market and issue it back, saving 1% in the process.
I was expecting that recent news on US stimulus, and expected USD appreciation, would provide positive lift for the Global Fund.
Ann: MGF Fund Update - February 2021, page-7
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Last
$2.20 |
Change
0.010(0.46%) |
Mkt cap ! $3.316B | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.22 | $2.20 | $22.75M | 10.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 722516 | $2.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.21 | 46364 | 2 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| MGF (ASX) Chart |