MFF's Expansion and Acquisition Announcement

MFF Capital Investments Limited (ASX:MFF) has announced its intention to bolster its research team and capabilities through the planned acquisition of Montaka Global Investments. Montaka Global, a global fund manager with offices in New York and Sydney, manages approximately $260 million across three main funds, including two exchange traded funds under the stock symbols MOGL and MKAX.

Executive Commentary on Acquisition

Montaka Global's primary focus will remain on research and portfolio management systems under MFF's ownership. The existing senior investment team of Andy Macken, Chris Demasi, and Amit Nath will continue in their roles, ensuring continuity and expertise. The acquisition aims to leverage Montaka Global's research-led portfolio approach, complementing MFF's successful strategy. The expansion of research capabilities and the pursuit of additional opportunities are expected to enhance returns over the medium to longer terms.

Summary of MFF's Intended Acquisition

MFF Capital Investments (ASX:MFF) is set to acquire Montaka Global Investments to strengthen its research focus and capabilities. The acquisition aims to enhance the long-term results for unitholders in the funds managed by Montaka Global. The company's expansion of research capabilities and the pursuit of additional opportunities are expected to increase the probability of achieving satisfactory returns over the medium and longer terms. The acquisition is scheduled to be completed in early 2025, subject to final binding agreements and customary preconditions. MFF shareholders can request a copy of Montaka Global's recent September Quarter unitholder update for MOGL and MKAX unitholders by contacting MFF on (02) 9235 4887.