WAM Income Maximiser Reports Increase in Estimated Pre-Tax Net Tangible Assets
MT Newswires Live
Aug 17
WAM Income Maximiser's (ASX:WMX) estimated pre-tax net tangible assets increased to AU$1.69 per share as of Aug. 14 from AU$1.62 as of July 24, which was the last trading day before its disclosure of an entitlement offer, according to a Monday filing with the Australian bourse.
Meanwhile, the company's investment portfolio increased 4.3% between July 24 and Aug. 14, outperforming its benchmark by 1.7% over the same period, per the filing.
The two-for-five pro-rata entitlement offer gives shareholders the opportunity to boost their stake in the company at an issue price of AU$1.62 per new share.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.