There usnt any incentive for Magellan to close the gap before...

There usnt any incentive for Magellan to close the gap before expiry.All that does is mean they have to put a lot of money into MGF to fund the 7.5% discount. As far as I know its a liability on their balamce sheet.
Then the rush for the exit will create a didcountbagain and they will have to keep.buying it bsvk. Rather better to wait until after expiry then deal with the discount - posdibly via offering to convert into the managed fund units.
I hope you do get back into the money on the options