InvestSMART

WAM Income Maximiser Limited (ASX:WMX)

ALERT: Price-sensitive ASX Announcement for WMX
Current share price for WMX : $1.685 -0.03 (-1.75%)+
Announcement
Release
29 Jul 2026 10:10AM
Price at Release
$1.715
Full Release
download
Summary
WAM Income Maximiser Limited has announced a 2 for 5 pro-rata non-renounceable Entitlement Offer at an issue price of $1.62 per New Share, which is a 5.5% discount to the current share price. This offer is accompanied by a Shareholder Top-Up Facility, Shortfall Offer, and a successful Placement that raised $47.0 million. Eligible shareholders will receive 2 New Shares for every 5 shares they hold if they register by 3 August 2026. These shares are eligible for monthly fully franked dividends starting from September 2026. The investment portfolio has shown strong performance, surpassing its benchmark with a 19.2% increase over the past year. The capital raised will be invested in high-quality Australian equities and corporate debt to continue providing shareholders with both capital growth and attractive dividends.
Key Points
  • WAM Income Maximiser Limited announced a 2 for 5 pro-rata non-renounceable Entitlement Offer.
  • The issue price is set at $1.62 per New Share, reflecting a 5.5% discount to current share prices.
  • The offer includes a Shareholder Top-Up Facility, Shortfall Offer, and Placement to raise approximately $125.4 million.
  • The Entitlement Offer guarantees 2 New Shares for every 5 shares held by eligible shareholders as of 3 August 2026.
  • New Shares are eligible for monthly fully franked dividends starting September 2026.
  • The investment portfolio outperformed its benchmark by 13.4% in the 12 months to 30 June 2026.
  • The Placement raised the maximum available amount of $47.0 million.
  • The company aims to deliver monthly franked dividends and capital growth by investing in high-quality Australian companies and corporate debt instruments.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.