MHH magellan high conviction trust

MGF/MGG was at a premium due to share entitlement offer which...

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    MGF/MGG was at a premium due to share entitlement offer which you had to be on the registry by 8/12 - subsequently lost 10% and is now trading below NAV.

    MHH discount to NAV has closed of late to only ~4% from 6-10% discount trading range - the strengthening AUD is keeping a lid on returns (and will continue, so I'd say this is affecting demand). It's a good stock to trade when it gets to large discounts as the buybacks keep a floor on the price.

    Disclaimer: I own both
 
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