27 November 2020

ASX Limited

ASX Market Announcements Office

Exchange Centre

20 Bridge Street

SYDNEY NSW 2000

MAGELLAN FINANCIAL GROUP LIMITED

GLOBAL EQUITIES RETAIL FUND RESTRUCTURE EFFECTIVE

Magellan Financial Group Limited's ('Magellan Financial Group') main operating subsidiary, Magellan Asset Management Limited ('Magellan') is pleased to announce that the restructure of its Global Equities retail product offering, as announced to the ASX on 3 August 2020, is now effective, following approval by unitholders and the receipt of judicial advice from the Court.

The key dates in relation to the Restructure and MGF Partnership Offer and Bonus MGF Option Issue1, that were outlined in detail in the Explanatory Memoranda, are set out below:

Key Dates

Effective Date

Friday, 27 November 2020

Suspension of MGE and MGG Units from trading on ASX

Close of business on

Friday, 27 November 2020

Magellan Global Fund Open Class Units (ASX: MGOC) and Closed

12pm on Monday, 30 November 2020

Class Units (ASX: MGF) commence trading on ASX on a deferred

settlement basis

MGE and MGG Trust Scheme Record Date

Tuesday, 1 December 2020

Implementation Date

Tuesday, 8 December 2020

Normal trading in Magellan Global Fund Open Class Units (ASX:

Wednesday, 9 December 2020

MGOC) and Closed Class Units (ASX: MGF) commences

The following key dates are expected to apply to the proposed MGF Partnership Offer

Record date for MGF Partnership Offer

Tuesday, 8 December 2020

MGF Partnership Offer Calculation Date

Friday, 8 January 2021

Expected MGF Partnership Offer opening date

Monday, 18 January 2021

Expected MGF Partnership Offer closing date

Tuesday, 23 February 2021

Record date for Bonus MGF Option Issue

Week ending 26 February 20212

Expected date for the allotment of Closed Class Units and

Monday, 1 March 2021

MGF Options under the MGF Partnership Offer and Bonus MGF

Option Issue

  • All dates and times are indicative only and are subject to change. Any changes to the timetable will be announced on the Magellan Global Fund Closed Class and Open Class ASX announcements platform as relevant.

To be eligible to participate in the MGF Partnership Offer, you must be a unitholder in Magellan Global Fund on the record date of 8 December 2020. Your entitlement under the MGF Partnership Offer will be calculated using either the number of units you hold on the record date, or the number of units you hold on the MGF Partnership Offer Calculation Date of 8 January 2021, whichever is lower.

  1. Only available for Closed Class unitholders in Magellan Global Fund on the Bonus MGF Option Issue Record Date
  2. Bonus MGF Option Issue Record date will be determined in early January 2021

Authorised by

Marcia Venegas | Company Secretary

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Magellan Financial Group Limited published this content on 27 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2020 23:22:02 UTC