Magellan Global Equities Fund (ASX:MHG) Announces Final Distribution
Distribution Details
Magellan Asset Management Limited has announced a final distribution of 6.61 cents per unit for the Magellan Global Equities Fund (Currency Hedged) for the six-month period ending December 31, 2024.
The ex-distribution date is set for January 2, 2025, with the record date on January 3, 2025. Investors wishing to participate in the Distribution Reinvestment Plan (DRP) must provide their election notices by January 6, 2025. Payments will be made on January 17, 2025.
Fund Overview
The Fund operates as an Attribution Managed Investment Trust for the income year ending June 30, 2025. Its investment strategy focuses on achieving attractive risk-adjusted returns over the medium to long-term while mitigating the risk of permanent capital loss. The Fund invests in 20 to 40 high-quality global equity stocks, with substantial currency exposure hedged.
Additional Information
Details regarding the distribution and the DRP can be accessed on the Fund’s webpage. The responsible entity for the Fund is Magellan Asset Management Limited.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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