MOT has announced a pro-rata 1-for-3 Non-Renounceable Entitlement Offer of new fully paid ordinary units in MOT to eligible unitholders to raise up to $150m, including an oversubscription facility available to eligible unitholders. Any new units not taken up by eligible unitholders under the Offer will be offered to certain Wholesale investors as part of the Shortfall Offer. Up to …

Keybridge Capital Limited (“Keybridge”) has announced its intention to make an off-market takeover bid for WAA for an all scrip consideration of 1.16 x $1.00 Keybridge convertible redeemable promissory notes (CRPN) for each WAA share. This equates to a value of $1.16 per WAA share, an 8.4% premium to the share price at the COB on the day of the …

Magellan Financial Group Limited (ASX: MFG), the holding company of Magellan Asset Management Limited, has announced the Chairman and CIO, Hamish Douglas, is taking a period of medical leave. Chris Mackay will oversee the the portfolio management of Magellan’s global equity retail funds and global equity institutional mandates in Mr. Douglas’ absence. Mr. Mackay has a long association with Magellan, …

IIR has reaffirmed the Recommended rating for PGG. The Trust has just surpassed its 2-year anniversarysince listing. During this time the Trust has met or exceeded its target distribution of RBA Cash Rate + 4%p.a., however the portfolio and the unit price were materially affected by the COVID-19 market shock in early 2020 resulting in a significant drawdown in NAV …

VGI Partners Limited (ASX: VGI) has announced that it has entered into an exclusive and non-binding term sheet with Regal Funds Management Pty Limited (“Regal”) for the merger to the two managers. The merger would create an alternative investment strategy manager with FUM of in excess of $6b. The merger, which is subject to shareholder approval and for which a …