Just weighing up pro's and cons for a number of global LIC's,...

Just weighing up pro's and cons for a number of global LIC's, particularly for MGG and MFF (any opinions are appreciated). I'm undecided which way ill go yet; so far I'm liking both. While I'm at it, thought I would post a quick calculation of what the 5% DRP discount that MGG offers equates too.

For sake of ease, lets assume share price is $1.00 (NAV also $1.00), and I own 1,000 shares
Each year, I receive an expected 4% dividend ($40)
I elect to participate in full with the discounted DRP which would allow me to reinvest at $0.95/share (5% discount)
I therefore gain 42.1 shares; assuming share price and NAV has not changed, the discount has increased my annual yield to 4.21%. (not including any growth).

Any errors, let me know.