Argo Investments Limited (ASX: ARG) has announced its intention to create a new ASX listed investment company, Argo Global Listed Infrastructure Limited (AGLI), with the portfolio actively managed by Cohen & Steers, Inc.
The Company is offering for subscription up to 250,000,000 fully paid ordinary Shares at an Application Price of $2.00 per Share to raise up to $500,000,000 together with an attached Option.
The Portfolio Manager will seek a rate of return for the Portfolio that is in excess of the performance of the Benchmark over time. The Company has selected 90% of the FTSE Global Core Infrastructure 50/50 Index (net total return AUD) and 10% of the BofA Merrill Lynch Fixed Rate Preferred Securities Index (P0P1) (AUD) as its Benchmark.
Argo is being advised by Rothschild. CBA Equities and Taylor Collison are acting as Joint Arrangers and Joint Lead Managers. Morgans and Ord Minnett are acting as Joint Lead Managers, and Minter Ellison as Legal Adviser.
26 May 2015 Share Offer Opens
19 June 2015 Share Offer Closes
