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WAM Income Maximiser Limited (ASX:WMX)

ALERT: Price-sensitive ASX Announcement for WMX
Current share price for WMX : $1.590 -0.105 (-6.19%)+
Announcement
Release
5 Aug 2026 9:13AM
Price at Release
$1.695
Full Release
download
Summary
WAM Income Maximiser Limited (ASX: WMX) has announced a 2 for 5 non-renounceable entitlement offer of new shares priced at $1.62 each, aiming to raise approximately $172.4 million. The offer is set to open on 5 August 2026 and close on 21 August 2026. Shareholders are given the opportunity to apply for additional shares via a Top-Up Facility. The entitlement offer is part of the company's strategy to provide monthly franked dividends and capital growth by investing in high-quality Australian companies and corporate debt instruments. The offer includes mechanisms for a Shortfall Offer and Placement, and applications can be processed via BPAY. The investment portfolio has shown strong performance, exceeding market benchmarks.
Key Points
  • WAM Income Maximiser is conducting a 2 for 5 pro-rata non-renounceable entitlement offer.
  • The issue price for new shares is set at $1.62 per share.
  • The offer aims to raise approximately $172.4 million.
  • The entitlement offer opens on 5 August 2026 and closes on 21 August 2026.
  • Shareholders can apply for additional new shares through a Top-Up Facility.
  • The entitlement offer is not available for trading on ASX or any other exchange.
  • WAM Income Maximiser aims to provide monthly franked dividends and capital growth.
  • The entitlement offer includes options for a Shortfall Offer and Placement.
  • Applications and payments can be made through BPAY.
  • The document emphasizes the strong performance of the WAM Income Maximiser investment portfolio.
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.