Home

Magellan discuss the restructure of their Global Equities retail funds

PUBLISHED

2020-08-11

Content

Magellan Asset Management has announced a proposed restructure of three of its Global Equities retail funds - the unlisted Magellan Global Fund, along with the listed Magellan Global Equities Fund (ASX: MGE) and Magellan Global Trust (ASX: MGG) - into a single trust with two unit classes: Closed Class and Open Class. In this video, Magellan's Managing Director of Distribution Frank Casarotti, CIO / Chairman Hamish Douglass and CEO Dr Brett Cairns discuss how the restructure will work.

Key points in the video:

• Details of the restructure

• How it will affect unitholders in the funds involved in the restructure

• Why Magellan has decided to take this action

• Information about the proposed capital raising to be done via an Entitlement Offer post the restructure

• Benefits of the restructure for unitholders moving forward

• Some of the differences between the two classes of the restructured fund

Author