InvestSMART

WAM Income Maximiser Limited (ASX:WMX)

ALERT: Price-sensitive ASX Announcement for WMX
Current share price for WMX : $1.630 -0.04 (-2.40%)+
Announcement
Release
25 Aug 2026 9:49AM
Price at Release
$1.670
Full Release
download
Summary
WAM Income Maximiser Limited (ASX: WMX) successfully raised $172.4 million through a 2-for-5 pro-rata non-renounceable entitlement offer, along with a shortfall offer and placement. The funds were raised at $1.62 per new share, with existing shareholders taking up 62% of the entitlement. The entitlement offer raised $60.6 million from 2,932 shareholders, and the top-up facility added an additional $17.9 million from 1,079 shareholders. The shortfall offer closed on 24 August 2026, raising $46.9 million and was offered to professional and sophisticated investors. This capital raising is expected to increase the company's assets by over 50% to approximately $500 million, enhance its market relevance and liquidity, and potentially improve broker and research coverage. The funds will be invested in high-quality Australian companies and corporate debt instruments to deliver franked dividends and capital growth.
Key Points
  • WAM Income Maximiser Entitlement Offer raises $172.4 million.
  • 62% of funds taken up by existing shareholders.
  • Entitlement Offer raised $60.6 million from 2,932 shareholders.
  • Top-Up Facility raised $17.9 million from 1,079 shareholders.
  • Shortfall Offer closed on 24 August 2026, raising $46.9 million.
  • Capital raised at $1.62 per new share.
  • Assets increase by over 50% to approximately $500 million.
  • Funds will be invested in Australia's highest quality companies and corporate debt instruments.
  • Aim to deliver monthly franked dividends and capital growth.
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.