WAM Research Ltd. ( (AU:WAX) ) has provided an update.
WAM Income Maximiser Limited, a new listed investment company under Wilson Asset Management, has opened its initial public offering (IPO) earlier than planned due to strong investor demand, surpassing the minimum subscription requirement. The IPO aims to raise $510 million, with $180 million allocated as a priority to existing shareholders of WAM’s other LICs. The company seeks to provide monthly franked dividends and capital growth by investing in high-quality equities and corporate debt, positioning itself as the first Australian LIC to offer such benefits.
More about WAM Research Ltd.
WAM Research Ltd. operates in the investment management industry, focusing on listed investment companies (LICs) that deliver fully franked dividends and capital growth. The company is known for its track record of providing shareholders with consistent returns through its established LICs.
YTD Price Performance: 6.03%
Average Trading Volume: 141,546
Technical Sentiment Consensus Rating: Sell
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