I'm in a similar boat as you as a medium term MGF holder who isn't too phased by the discount but to see a record day of buybacks (to my knowledge) on the same day the price dropped another 1.5% to a record discount (to my knowledge) really shows how much the market is turning on Magellan. I'm personally banking on a transition to active ETF like MHHT did so I can cash out and based on sentiment I'd suggest there's at least a billion worth of retail outflow to come if that happens.
MFG Price at posting:
$28.87 Sentiment: Hold Disclosure: Not Held
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