WAM Strategic Value Ltd ( (AU:WAR) ) just unveiled an update.
Wilson Asset Management has announced the launch of its ninth listed investment company, WAM Income Maximiser, which aims to provide monthly franked dividends and capital growth by investing in high-quality equities and corporate debt. The initiative addresses a gap in the Australian equity market following changes to bank hybrids, offering a new avenue for franked income and diversification. A priority offer of $180 million has been allocated to the Wilson Asset Management Family, with the total IPO capital raising capped at $510 million.
More about WAM Strategic Value Ltd
Wilson Asset Management is a prominent investment firm known for its listed investment companies (LICs) that focus on providing shareholders with fully franked dividends and capital growth. The company operates in the financial services industry, offering investment opportunities in high-quality equities and corporate debt, with a strong emphasis on meeting shareholder demand for consistent income streams.
YTD Price Performance: 2.23%
Average Trading Volume: 86,098
Technical Sentiment Consensus Rating: Sell
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