Hi Dewy; I will share with you my numbers: I am a relatively...

Hi Dewy;
I will share with you my numbers:
I am a relatively small holder of MGG (1600 shares, which became 1633 after the first dividend)
1633 x 0.03 cents for coming dividend = $48.99.

My numbers at moment for coming dividend reinvestment:
1.66 (NAV) x 0.95 = 1.577
48.99/1.577 = 31 shares.


Obviously with such a small investment, this won't see me retire early, but gambling that over time the NAV will build and the DRP will transform my holdings into a less modest figure.

1600 -- > 1664 (Bang on 4% rise in shares).
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Interesting features of that 4%
- The dividend was set for 24 months at 3 cents per share. This was 4% based on the original 1.50 list price. The first dividend, the NAV had fallen below $1.50 so it was higher than 4%, but the most recent 95% of 1.66 is the 1.57 - less than a 4% dividend p/a.
- If the NAV continues to rise, the dividend as a % is less, but there may be extra monies allocated by the company for additional payments (prospectus).
- Keep in mind, the discounted price for the DRP is based on NAV, not share price.

NOTE: The dividend will be 0.03 for this current DRP round, and the following two (4% based on the 1.50 list price). It won't be 4% of whatever the share price is.

Longer term outlook for MGG for me.