WAM Global Ltd. ( (AU:WGB) ) has issued an update.
Wilson Asset Management has announced the launch of its ninth listed investment company, WAM Income Maximiser, which aims to provide investors with monthly franked dividends and capital growth. This new offering addresses a gap in the Australian equity market, especially following the reduction of franked income sources due to recent regulatory changes. The company has allocated $180 million of the $510 million capital raising as a priority offer to its existing shareholders and associated entities, emphasizing its commitment to shareholder value.
More about WAM Global Ltd.
Wilson Asset Management is a prominent investment firm based in Australia, specializing in listed investment companies (LICs) that focus on providing fully franked dividends and capital growth. The company operates multiple LICs, catering to a diverse range of investment needs, and is known for its strategic focus on high-quality equities and corporate debt.
YTD Price Performance: 8.52%
Average Trading Volume: 287,932
Technical Sentiment Consensus Rating: Sell
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