MHH magellan high conviction trust
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Are you serious?I have never heard of a manager royally screwing...

  1. cutty
    3,823 Posts.
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    06/06/21
    10:06
    Post #: 53674004
    Are you serious?

    I have never heard of a manager royally screwing shareholders this way?

    The default position is always the lower of the share price or relevant NAV.

    Why on earth wouldn't they just buy on market at the bigger discount to fulfil the DRP?

    Magellan's reputation is slowly but surely turning to mud.
    Last edited by cutty: 06/06/21
    MHH Price at posting: $1.46 Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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