Well, the 7.5% is not even a give away, as currently trading at...

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.