The Offer provides Shareholders with the opportunity to invest in Australia's first internationally focused LIC with dual objectives of providing Shareholders with exposure to global equities and also helping to improve the lives of young Australians who are affected by mental health issues.
The Company's primary investment objective is to provide Shareholders with long term capital growth. The Company will seek to achieve long term growth by investing the Company's capital with selected Fund Managers who agree to forgo their Management and Performance Fees.
The Company's charitable goal is to help improve the lives of young people with mental health issues by providing financial support to the Designated Charities. The Company intends to make philanthropic investment in three core areas: helping the community understand the issue; enabling investment in research and development; and investing in effective programs and services.
Designated Charities and Shareholders will be able to share the benefit of the Forgone Fees. The aggregate amount donated to the Designated Charities each year will reflect a percentage of the Forgone Fees. The current intention is for the Donation Amount to the Designated Charities to be an amount equal to 1.0% of the Company's average monthly NTA for the relevant financial year.
It is anticipated that FGG will list on the ASX during September 2015.