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WAM Income Maximiser Limited (ASX:WMX)

ALERT: Price-sensitive ASX Announcement for WMX
Current share price for WMX : $1.680 -0.015 (-0.88%)+
Announcement
Release
5 Aug 2026 9:19AM
Price at Release
$1.695
Full Release
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Summary
WAM Income Maximiser Limited has opened a 2 for 5 pro-rata non-renounceable Entitlement Offer, allowing shareholders to purchase New Shares at a discount of $1.62 per share compared to the current market price. This initiative enables shareholders to expand their holdings without incurring brokerage costs and receive monthly fully franked dividends starting from September 2026. Furthermore, a Top-Up Facility is available for shareholders wishing to apply for additional New Shares beyond their entitlement. These new shares will rank equally with existing shares and provide a 7.1% annualised fully franked dividend yield on average NTA. The Entitlement Offer is part of WAM Income Maximiser's strategy to provide its shareholders with capital growth and stable income through investments in high-quality Australian companies and debt instruments.
Key Points
  • WAM Income Maximiser Limited (ASX: WMX) has announced a 2 for 5 pro-rata non-renounceable Entitlement Offer.
  • The Entitlement Offer allows shareholders to purchase New Shares at $1.62 each, which is a discount to the current share price.
  • Shareholders can participate in the Entitlement Offer without incurring brokerage costs and will receive monthly fully franked dividends starting from September 2026.
  • The Entitlement Offer includes a Top-Up Facility, allowing shareholders to apply for additional New Shares beyond their initial entitlement.
  • New Shares issued will be eligible for monthly fully franked dividends, with a yield of 7.1% on average NTA, including franking credits.
  • WAM Income Maximiser aims to provide monthly franked dividends and capital growth by investing in high-quality Australian companies and corporate debt.
  • The announcement has been authorised by the Board of WAM Income Maximiser Limited.
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.