Wilson Asset Management (WAM) has announced the IPO of a new Listed Investment Company (LIC).

The Company aims to provide monthly franked dividends andcapital growth to Shareholders by investing in Australia’s highest qualitycompanies and corporate debt instruments. These companies are selected fortheir strong capital management and ability to sustain or grow theirdistributions over time, primarily in the form of franked dividends and sharebuybacks.

The Company is seeking to raise up to $510 million under the Offer. No oversubscriptions will be accepted. The Company will be listed on the ASX under the code WMX. Further details can be found in the Prospectus. https://wilsonassetmanagement.com.au/listed-investment-companies/wam-income-maximiser/

The Application Price under the Offer is $1.50 per Share. The Offer is made up of the Priority Allocation of $180 million to the Wilson Asset Management Family (detailed in Section 3.2), the Broker Firm Offer (detailed in Section 3.3) and the General Offer (detailed in Section 3.4). See Prospectus.

The Offer is expectedto open on 12 March 2025 and close at 5:00pm (Sydney time) on 11 April 2025.

Arrangers and Joint Lead Managers are;

Morgans

Taylor Collison

Joint Lead Managers;

Bell Potter

Canaccord Genuity

Commsec

Evans & Partners

Ord Minnett

Shaw and Partners