Magellan Global Trust IPO

Bids for the Magellan Global Trust Broker Firm Offer are open. 

Magellan Global Trust Offer

Magellan Global Trust Offer

Desktop Broker clients now have the opportunity to become shareholders in Magellan Global Trust, providing Australian investors with an opportunity to globally diversify their savings and wealth.

The Trust will be managed by Magellan Asset Management Limited (“Magellan”). Through an initial public offering (“Offer”) of ordinary units (“Units”) in the Trust, Magellan is seeking to raise a minimum of $250 million via a Priority Offer, Broker Firm and General Public Offer.

The Trust will invest in a focussed portfolio of outstanding global companies as assessed by Magellan and intends to target a 4% per annum cash distribution yield. The Trust will be managed by Hamish Douglass and Stefan Marcionetti and will draw upon Magellan’s investment expertise in global equities.

The Product Disclosure Statement has been lodged. Please ensure you read it carefully before you bid. 

Details of the Offer and on how to bid are enclosed below. 

Access Lonsec and Zenith Investment Partners research on the IPO. 

Assess the Product Disclosure Statement here

Key Offer Information

The Offer provides investors with an opportunity to invest in an ASX listed investment trust which aims to provide investors with:

  • An attractive Target Cash Distribution yield of 4% per annum paid semi-annually;
  • An attractive distribution reinvestment plan ("DRP") with a 5% discount to the NAV per Unit in respect of the Target Cash Distribution. The discount will be paid by the Magellan Group;
  • A Pro Forma NAV per Unit equal to the Offer Price as the Magellan Group is paying for all costs associated with the Offer; and
  • Transparency in relation to the value of the Trust and the portfolio.

 

Key Offer Statistics 

Key dates of the Offer

Firm bids are due by 4.00pm on Thursday 21st September 2017 (AEST).

These dates are indicative only and may be subject to change. Magellan reserves the right to close the Offer early, extend the Closing Date, accept late applications, scale back applications or terminate the Offer.​

Key documents

Selling Fee: 0.625%

How to bid

If you're not a Desktop Broker client, contact us here. 

For existing Desktop Broker clients, follow the steps below:

1. Download and review the Product Disclosure Statement here.

2. Download the firm bidding form here and fill in the details. Please note: all bids are at final price.

3. Email to support@desktopbroker.com.au

Firm bids are due by 4.00pm on Thursday 21st September 2017 (AEST). However, the company may vary the timetable, including closing the Offer early, at any time prior to that date, without notice.

If you have any queries please don't hesitate to contact our support team on 1300 726 177.