WAM Strategic Value Ltd ( (AU:WAR) ) just unveiled an announcement.
WAM Income Maximiser Limited has launched its initial public offering (IPO) earlier than expected, with the offer exceeding its minimum subscription on the opening day. The company aims to provide investors with monthly franked dividends and capital growth over the medium to long term by investing in high-quality equities and corporate debt. A significant portion of the funds raised, $180 million out of $510 million, is allocated to existing shareholders of Wilson Asset Management’s various listed investment companies, reflecting strong investor demand and confidence in the company’s strategy.
More about WAM Strategic Value Ltd
WAM Strategic Value Ltd, operating under Wilson Asset Management, is a company involved in managing listed investment companies (LICs) in Australia. The company focuses on delivering monthly franked dividends and capital growth through investments in high-quality equities and corporate debt. It has a strong track record of providing fully franked dividends through its established LICs.
YTD Price Performance: 0.45%
Average Trading Volume: 88,823
Technical Sentiment Consensus Rating: Sell
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