MARATHON'S SHARE PRICE WILL RISE ABOVE $180
MARATHON'S SHARE PRICE WILL RISE ABOVE $180
LAST OPPORTUNITY TO BUY MARATHON AT $160 PER SHARE
3 March 2020 - All Investment Partners, and a limited number new Investment Partners are invited to apply for shares in Marathon at $160 per share before the share price rises to over $180. Application forms and funds must be received by the closing time.
The Board of Marathon will close the current $160 per share offer at 1:00pm on Friday, 13 March 2020 in favour of a new Share Offer that will raise capital for the fund at over $180 per share.
The increased price reflects the continuing strong performance of the investment portfolio. As at 31 January 2020, the Net Asset Value (NAV) of Marathon was $176.07 per share (unaudited). Earnings from our private equity investments are anticipated to add to the NAV in coming months.
Marathon’s progressively rising share price, based on our investment performance, is consistent with our objective of aligning the share price with the NAV. This rewards Investment Partners with capital growth from their investment in Marathon.
Investment Partners who are considering further investing in Marathon may wish to complete their subscriptions at $160 per share, while the current Information Memorandum remains open.
Preference will be given to existing Investment Partners. New investment partners should make application immediately, as allocations may be limited.
Applications close at 1:00pm on Friday 13 March 2020.
Please contact us invest@menningercapital.com or +61 7 4728 8000 for further information on how to become an Investment Partner.
We encourage you to think of investing as a long-term pursuit.
About Marathon Consolidated Ltd
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop.
However, unlike private equity firms we use little to no leverage. Compared to hedge funds, we do this all in the public forum allowing our investors greater transparency and most importantly, the ability to act on their own accord.
Marathon’s investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Important Information: This report has been prepared by Menninger Capital. This report is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Menninger Capital is under no obligation to update or keep current the information contained herein. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised.