PGF ASX PM Capital Global Opportunities Fund vs VG1 ASX VGI Partners Global Investments

               

Market Cap                             PGF       $1,318 million                   VG1                $429 million

Investment Manager              PGF     Paul Moore                        VG1         Paul Moore

Source: Bell Potter Research

                             

Share price vs post tax NTA   PGF PREMIUM 21%             VG1 Discount (15%)

Dividend yield (fully franked)         PGF    4.2%                                 VG1                   6.9%

Base Fee                                        PGF    1% p.a.                                VG1             1.5% p.a.

Performance Fee                    

PGF                                                             

15% of perf over MSCIWI (AUD) with HWM.

 VG1

15% of any nominal returns with HWM. – HWM current $2.23 nta?

                                                          

IMA Term                             PGF          Initial term expired       VG1        10 yrs from IPO date Sep 2017

                                                                                                                              

Substantial holders              PGF    Paul Moore – 11%                    VG1     Regal Partners – 10%

                                                                                                                     Wilson Asset – 6%

                                                                                                                     Saba Capital – 6%

Attempted acquisitions    PGF Proposal for PMC / PAI April ’25                VG1  None

                                                           

Current portfolio positioning, common holdings of PGF & VG1 ASX

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