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WAM Global Ltd. ( (AU:WGB) ) has issued an announcement.
WAM Income Maximiser Limited, in collaboration with Wilson Asset Management, has announced an offer to raise up to $510 million through the issuance of 340 million fully paid ordinary shares at $1.50 each. The offer includes a priority allocation for Wilson Asset Management Family members, a broker firm offer, and a general offer. This initiative aims to provide investors with monthly income and capital growth by investing in high-quality Australian companies. The announcement highlights the company’s strategic move to strengthen its market position and attract investors seeking stable returns, though it advises prospective investors to consult financial advisors before making investment decisions.
More about WAM Global Ltd.
YTD Price Performance: 6.28%
Average Trading Volume: 297,120
Technical Sentiment Signal: Sell
For a thorough assessment of WGB stock, go to TipRanks’ Stock Analysis page.