Magellan Global Trust IPO

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

Magellan Global Trust Offer

Magellan Global Trust Offer

Bell Direct 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 Zenith Investment Partners research on the IPO.

Access 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 5.00pm on Tuesday 19th 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 risks

Investors should read the risks described in Section 6 of the Product Disclosure Statement.

How to apply

To bid for the Magellan Global Trust Broker Firm Offer: 

If you're not a Bell Direct client, open an account here

For existing Bell Direct clients, follow the steps below:

1. Download and review the Product Discloure Statement carefully here.

2. Send an email to detailing your Bell Direct account number, your name and the amount in $ you would like to bid for. 

The Minimum parcel is 1,500 Units or $2,250. Subscriptions for Units in excess of the minimum subscription amount must be made in multiples of 100 Units

Firm bids are due by 5.00pm on Tuesday 19th September 2017 (AEST). However, the company may vary the timetable, including closing the Offer early, at any time prior to that date, without notice.

3. Ensure you have sufficient cleared funds in your Bell Direct cash account on the day you make your bid. If there are not adequate cleared funds in your account, your bid won't be submitted and you will not be allocated Units.

4. Once Units are allocated, we will advise you of your final allocation.

Please note:

By submitting a bid I/we declare and acknowledge:

  • I/we have received, read in full, and understood the Product Disclosure Statement (and/or any supplement or replacement);
  • I/we are Australian residents;
  • I/we are making a bid to apply for fully paid ordinary units in the Issuer (Units);
  • I/we acknowledge that once the firm Offer is closed I/we may not withdraw my/our Bid;
  • To apply for the number of Units that I/we Bid for (or a lower number as determined by Bell Direct at its sole discretion);
  • To authorise Bell Direct to do anything on my/our behalf necessary (including the completion and execution of the application form and other documents) to enable the Units to be allocated to me/us;
  • To be bound by the constitution of the Issuer;
  • I/we represent, warrant and agree that I/we have not received this Product Disclosure Statement outside Australia and am/are not acting on behalf of a person resident outside Australia;
  • That the information contained in the Product Disclosure Statement (and/or any supplement or replacement) and provided by Bell Direct is not financial product advice or an express or implied recommendation that Units are suitable for me/us, given my/our investment objectives, financial situation or particular needs;
  • That, in the event that the offer is oversubscribed, Bell Direct or the Issuer may determine the allocation policy in its absolute discretion and I/we agree not to make any Claim against Bell Direct or the Issuer in relation to the allocation policy.

Please contact our broking representatives by email on 1300 786 199 if you have any questions on the Offer or on how to bid.