An announcement from WAM Capital Ltd. ( (AU:WAM) ) is now available.
WAM Income Maximiser Limited has launched its initial public offering (IPO) ahead of schedule, surpassing the minimum subscription requirement due to high investor demand. The company has allocated $180 million of the $510 million raising to existing shareholders of its associated companies, highlighting a strong focus on rewarding its current investor base. This move is expected to enhance the company’s market presence and offer significant returns to stakeholders through its unique investment strategy.
More about WAM Capital Ltd.
WAM Income Maximiser Limited is a listed investment company (LIC) under Wilson Asset Management, focusing on delivering monthly franked dividends and capital growth through investments in high-quality equities and corporate debt. This initiative marks the first Australian LIC to offer such a combination, building on Wilson Asset Management’s track record of providing fully franked dividends across its eight established LICs.
YTD Price Performance: 4.49%
Average Trading Volume: 780,812
Technical Sentiment Consensus Rating: Sell
For a thorough assessment of WAM stock, go to TipRanks’ Stock Analysis page.