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.
- Forums
- ASX - By Stock
- MGF
- Ann: MGF Fund Update - February 2021
Ann: MGF Fund Update - February 2021, page-7
-
-
- There are more pages in this discussion • 515 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)