An update from WAM Research Ltd. ( (AU:WAX) ) is now available.
Wilson Asset Management has announced the launch of its ninth listed investment company, WAM Income Maximiser, which aims to fill a gap in the Australian equity market by providing monthly franked dividends and capital growth. The company has allocated $180 million of the $510 million capital raising as a priority offer to its existing shareholders and associated entities, addressing the demand for diversified income sources following changes in bank hybrid regulations.
More about WAM Research Ltd.
Wilson Asset Management is a prominent investment firm in Australia, specializing in listed investment companies (LICs) that provide fully franked dividends and capital growth. The company focuses on offering diversified investment opportunities in high-quality equities and corporate debt, catering to investors seeking consistent income streams and capital preservation.
YTD Price Performance: 5.17%
Average Trading Volume: 142,304
Technical Sentiment Consensus Rating: Sell
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