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The latest update is out from WAM Income Maximiser Limited ( (AU:WMX) ).
WAM Income Maximiser Limited announced a successful Share Purchase Plan (SPP) and Placement, raising $148 million, which increases its funds under management to over $300 million. This expansion enhances the company’s market presence, liquidity, and potential for broker coverage, benefiting shareholders by reducing the fixed expense ratio and providing dividends. The investment team plans to use the additional capital to continue their disciplined investment strategy, focusing on equities and short-duration debt, aiming to generate above-market dividend yields.
More about WAM Income Maximiser Limited
WAM Income Maximiser Limited operates in the financial services industry, focusing on income investing. The company provides investment services aimed at delivering monthly franked dividends and capital growth by investing in high-quality Australian companies and corporate debt instruments.
Average Trading Volume: 208,659
Technical Sentiment Signal: Strong Sell
For an in-depth examination of WMX stock, go to TipRanks’ Overview page.