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WAM Income Maximiser Limited ( (AU:WMX) ) just unveiled an announcement.
WAM Income Maximiser Limited has declared its inaugural monthly fully franked dividend of 0.20 cents per share, payable on 29 August 2025, following its initial public offering in April 2025. The company has successfully deployed IPO proceeds into debt and equity positions, achieving a 2.0% growth in net tangible assets and a 5.2% gross running yield by 30 June 2025. The investment portfolio has outperformed its benchmark, and the company aims to meet or exceed its target income return of the RBA Cash Rate plus 2.5% per annum. The Board plans to gradually increase the monthly dividend to reach the annualized target income return within the first year of operations.
More about WAM Income Maximiser Limited
WAM Income Maximiser Limited is a listed investment company managed by Wilson Asset Management, focusing on providing monthly franked dividends and capital growth by investing in high-quality Australian companies and corporate debt instruments. The company targets firms with strong capital management and sustainable distribution capabilities, with a debt portfolio aimed at providing stable income and capital protection. Wilson Asset Management, with over 27 years of experience, manages over $5.9 billion across multiple investment products, advocating for retail investors and supporting philanthropic initiatives.
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