Magellan Financial Group plans a $275 million capital raising to fund growth opportunities including another listed investment trust and the development of a retirement product by the $90 billion global equities manager.
Magellan told the ASX on Tuesday it would raise new equity at $55.20 a share.
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Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
