WMX

 WAM income maximizer WMX

https://wilsonassetmanagement.com.au/listed-investment-companies/wam-income-maximiser/

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ASX:WMX is WAM Income Maximiser Limited, a listed investment company (LIC) managed by Wilson Asset Management. It uniquely combines high-quality Australian ASX-listed equities with corporate debt instruments to target regular, monthly fully franked dividends alongside capital growth. [1, 2, 3, 4]

Key Fund Objectives & Strategy

Asset Mix: Generally holds around 60% to 70% in high-quality Australian equities (focusing on the S&P/ASX 300) and the rest in corporate and debt securities.
Income Target: Aims to beat a hurdle rate equal to the Reserve Bank of Australia (RBA) cash rate plus 2.5% per annum.
Monthly Pay-outs: Distributes income on a monthly schedule instead of the standard six-month corporate reporting cycle. [1, 2, 3, 4, 5]

Performance & Dividends

Portfolio Return: Grew by 19.2% over the 12-month period leading to 30 June 2026, outperforming its composite benchmark.
Dividend Rates: Monthly fully franked distribution rates scale upward incrementally (e.g., set at 0.64 cents per share for August 2026 and increasing through the later months of the year), offering an annualized yield around 6.9% to 7.1% including franking credits.
Net Tangible Assets (NTA): Pre-tax NTA hovers around $1.69 per share. [1, 2, 3, 4, 5]

Capital Management

The company utilizes active capital management strategies, such as recent pro-rata entitlement offers and placements to scale its portfolio size while maintaining its income generation objectives. [1, 2]

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