Magellan Flagship Fund : DividendDistribution MFF

Notification of dividend / distribution

Notification of dividend / distribution

Announcement Summary

Entity name

MAGELLAN FLAGSHIP FUND LIMITED

Security on which the Distribution will be paid

MFF - ORDINARY FULLY PAID

Announcement Type

New announcement

Date of this announcement

Friday February 5, 2016

Distribution Amount

AUD 0.01000000

Ex Date

Friday April 29, 2016

Record Date

Monday May 2, 2016

Payment Date

Friday May 20, 2016

DRP election date

Tuesday May 3, 2016 17:00:00

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

MFF

ASX +Security Description

ORDINARY FULLY PAID

Part 2A - All dividends/distributions basic details

2A.1 Type of dividend/distribution

Ordinary

2A.2 The Dividend/distribution:

relates to a period of six months

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)

Thursday December 31, 2015

2A.4 +Record Date

Monday May 2, 2016

2A.5 Ex Date

Friday April 29, 2016

2A.6 Payment Date

Friday May 20, 2016

2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?

Security holder approval Court approval

Lodgement of court order with +ASIC ACCC approval

FIRB approval

Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.

No

2A.8 Currency in which the dividend/distribution is made ("primary currency")

AUD - Australian Dollar

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

AUD 0.01000000

2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market?

No

2A.11 Does the entity have a securities plan for dividends/distributions on this +security?

We have a Dividend/Distribution Reinvestment Plan (DRP)

2A.11a If the +entity has a DRP, is the DRP applicable to this dividend/distribution?

Yes

2A.12 Does the +entity have tax component information apart from franking?

No

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution estimated at this time?

No

3A.1b Ordinary Dividend/distribution amount per security

AUD 0.01000000

3A.2 Is the ordinary dividend/distribution franked?

Yes

3A.3 Percentage of ordinary dividend/distribution that is franked 100.0000 %

3A.4 Ordinary dividend/distribution franked amount per +security

AUD 0.01000000

3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount

AUD 0.00000000

3A.7 Ordinary dividend/distribution conduit foreign income amount per security

AUD

Part 4A - +Dividend reinvestment plan (DRP)

2A.11a(i) DRP Status in respect of this dividend/distribution

Full DRP

3A.1a Ordinary dividend/distribution estimated amount per +security

AUD

3A.2a Is the ordinary dividend/distribution fully franked?

Yes

3A.3a Applicable corporate tax rate for franking credit (%)

30.0000 %

3A.5 Percentage amount of dividend which is unfranked

0.0000 %

4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?

Do not participate in DRP (i.e. cash payment)

4A.2 Last date and time for lodgement of

election notices to share registry under DRP

Tuesday May 3, 2016 17:00:00

4A.3 DRP discount rate

0.0000 %

4A.4 Period of calculation of reinvestment price

Start Date

Friday April 29, 2016

4A.5 DRP price calculation methodology

End Date

Thursday May 5, 2016

VWAP

4A.6 DRP Price (including any discount):

AUD

4A.8 Will DRP +securities be a new issue?

Yes

4A.7 DRP +securities +issue date

4A.8a Do DRP +securities rank pari passu from

+issue date?

Yes

4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?

Yes

4A.9a Minimum number of +securities required

for DRP participation

100

4A.9b Minimum amount for DRP participation

AUD

4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?

No

4A.11 Are there any other conditions applying to DRP participation?

Yes

4A.11a Conditions for DRP participation

Limited to shareholders in Australia and New Zealand

4A.12 Link to a copy of the DRP plan rules

http://www.magellangroup.com.au/mff/investor-centre/dividend-reinvestment-plan-2/

4A.13 Further information about the DRP

Part 5 - Further information