Priority Offer
- Investors in Magellan Financial Group (ASX: MFG), Magellan Global Trust (ASX: MGG) and Magellan High Conviction Fund as at 12 August 2019
- Entitled to subscribe up to $50,000 in Units in Magellan High Conviction Trust
- May be eligible to receive Loyalty Units of 7.5% of allotment under Priority Offer (subject to vesting and other conditions outlined in PDS)
Distribution Reinvestment Plan
- Investors able to reinvest distributions at 5% discount to NAV
- Cost of discount paid in full by Magellan
Summary
- 8-12 best investment ideas
- Strategy has delivered 16.2% per annum net of fees since inception
- Target Cash Distribution of 3% per annum, paid semi-annually
- Priority Offer: 7.5% additional units
- General Public Offer: 2.5% additional units
- Eligible Priority Applicants will receive Priority Invitation from Magellan once the offer has opened
Chris Wheldon is a Portfolio Manager of Magellan High Conviction Fund and an Assistant Portfolio Manager on the global equities strategies.
