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clock Created with Sketch. 06/06/21
10:06
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Originally posted by Egordemon:
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Just a heads up to those participating in the DRP. Magellan's account manager has confirmed that shares issued through the DRP will be priced at the NAV minus 5% - even where the SP is at a larger discount to NAV. Currently the SP discount to NAV is about 12% and doesn't look like closing anytime soon. If it stays at this level when the next dividend is paid out, it means DRP participants will be issued shares at about a 7% premium to the SP. I am assuming this will be the same for MGF. So tip here is to cease participation in the DRP at this time.
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Are you serious?
Last edited by
cutty :
06/06/21
