Magellan High Conviction Trust announced earnings results for the half year ended December 31, 2020. For the period, the company reported Total Net Investment Income of $32,735,000 against $79,403,000 a year ago. Profit was $25,123,000 against $70,391,000 a year ago. Basic and diluted Earnings Per Unit was 4.15 cents against 12.25 cents a year ago.