InvestSMART

WAM Income Maximiser Limited (ASX:WMX)

ALERT: Price-sensitive ASX Announcement for WMX
Current share price for WMX : $1.690 -0.025 (-1.46%)+
Announcement
Release
29 Jul 2026 10:10AM
Price at Release
$1.715
Full Release
download
Summary
WAM Income Maximiser Limited announced an Entitlement Offer for existing shareholders to purchase two new shares for every five shares held at an issue price of $1.62, a 5.5% discount to the current share price. The offer, which aims to raise approximately $172.4 million, allows shareholders to apply for additional shares through a Top-Up Facility. The company's strong demand led to an early closure of the bookbuild, securing $47 million. The new shares will rank with existing shares and receive fully franked monthly dividends. Shareholders who do not participate fully may experience significant dilution of their shareholding, with the company's share capital expected to increase substantially.
Key Points
  • Entitlement Offer provides two new shares for every five existing shares at $1.62 per share.
  • Offer price represents a 5.5% discount to the current share price.
  • Eligible shareholders can apply for additional shares under a Top-Up Facility.
  • Strong demand allowed the bookbuild to close early, raising $47 million.
  • New shares will receive fully franked monthly dividends.
  • Investment strategy focuses on high-quality Australian companies and corporate debt.
  • Shareholders who do not participate may face dilution of up to 35.5%.
  • The total share capital is expected to increase significantly post-offer.
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.