The Magellan Global Trust is a new investment vehicle to be listed on the ASX that is designed to offer investors a steady income stream from a global equities investment fund; specifically, a target cash distribution of 4% p.a. Other features include a reinvestment plan that provides a 5% discount in respect of the target cash distributions (with the discount paid for by Magellan) and a ‘priority offer’ for Magellan’s shareholders and retail-fund investors that comes with a loyalty reward that will give them an additional 6.25% of the number of units allotted to them. As with the other Magellan global vehicles, the Trust seeks to preserve capital while generating attractive risk-adjusted returns over the medium to long term.

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Magellan Global Trust IPO information