Global Masters Fund Limited (ASX: GFL) has announced the upcoming maturity and redemption of its convertible notes (ASX: GFLGA). Global Masters Fund Limited is an investment company listed on the ASX, focusing on global investment opportunities to generate returns for its shareholders. The company confirmed that the Notes are scheduled to mature on Tuesday, 24 November 2026, advising noteholders of their available options as this significant date approaches.
Holders of the 8,260,003 outstanding Notes have two primary choices before the maturity date. They may elect to convert some or all of their Notes into ordinary shares of GFL at a conversion ratio of one share for each Note, with a conversion price set at the face value of $3.10 per Note. Alternatively, if no action is taken, the Company will automatically redeem the Notes on the Maturity Date at their face value of $3.10 per Note, in addition to any accrued and unpaid interest, which has been paid quarterly at a rate of 6.5% per annum. Redemption payments will be processed via electronic funds transfer.
For those wishing to convert, a Conversion Notice must be received by Boardroom by 5:00 PM (Sydney time) on Tuesday, 10 November 2026. Shares resulting from conversions are slated for issue on Thursday, 12 November 2026. The last day of trading for the Notes will be Wednesday, 18 November 2026, with the record date for redemption payments set for 6 November 2026. On 30 October 2026, GFL ordinary shares closed at $2.80, having traded between a three-month high of $2.95 and a three-month low of $2.65. Noteholders are advised to consider their own circumstances and seek professional advice before making a decision.
