Pengana confirms loyalty benefits

Pengana Capital has confirmed that “loyalty benefit” that will form part of secondary offer for its Pengana Private Equity Trust. Units will be 1 per cent per $100 million raised. Pengana’s move follows the inclusion of a “loyalty reward” in…

Investor ‘loyalty’ programs growing in popularity

Pengana Capital will offer unitholders in its Pengana Private Equity Trust a “loyalty benefit” as part of an offer of new units in the ASX-listed trust. Pengana announced last week that it would offer additional units in Pengana Private Equity…

Magellan’s brokerless IPO

Magellan Financial Group is building on its “investor partnership” model with the initial public offering for its new listed investment company, the Magellan High Conviction Trust. Investors in some of its other funds will receive a “loyalty reward” of units…