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WAM Capital Ltd. ( (AU:WAM) ) has issued an announcement.
WAM Income Maximiser Limited has announced an offer of up to 340 million fully paid ordinary shares at $1.50 per share, aiming to raise a maximum of $510 million. This offer includes a priority allocation for members of the Wilson Asset Management Family, a broker firm offer, and a general offer. The announcement highlights the company’s strategic move to enhance its capital base, potentially impacting its market positioning and offering new opportunities for investors.
More about WAM Capital Ltd.
WAM Income Maximiser Limited, a part of Wilson Asset Management, focuses on providing monthly income and capital growth by investing in high-quality Australian companies. The company is involved in the financial services industry, offering investment opportunities with a minimum investment threshold.
YTD Price Performance: 5.13%
Average Trading Volume: 761,264
Technical Sentiment Signal: Sell
For detailed information about WAM stock, go to TipRanks’ Stock Analysis page.
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