Magellan Asset Management Limited advises that the Target Cash Distribution per unit of Magellan Global Trust for the six month period ending 30 June 2020 is 3.44 cents per unit. The calculation and disclosure of this distribution is in line with the distribution policy for the Trust as outlined in the Product Disclosure Statement dated 21 August 2017, that being 2% multiplied by the average of the month-end NAVs per unit over the period commencing 2 January 2018 and ended 31 December 2019.