Background
For most of the cases, that dgn file which has multiple call-outs in it, this problem appears for the file. Whenever you opened the file a message will pop up saying that ‘Outdated information might be displayed’.
In the ‘Reference’ dialog box you can see a pencil icon has come up. After that, if you click on the ‘Reload Refence’ option then also this icon does not disappear.
Solution:-
To solve this problem you need to follow the steps mentioned below.
Steps to Accomplish:-
Step-1
In the ‘DesignModel’ (in Design Model View) hover over any call-out then this dialog came up,
From there unselect the ‘Show callout’ icon,
Step-2
Now open the ‘Reference’ dialog and reload all references. Then you can find that the pencil icon did not appear again.