Wilson Asset Management – WAM Leaders Limited LIC IPO

Wilson Asset Management is looking to raise up to $209m with the ability to accept up to $165m in oversubscriptions for a listed investment company (LIC) – WAM Leaders Ltd. The LICs investment principles are a focus on ASX200 listed companies, preference for undervalued companies, portfolio based and index unaware investing, with capital preservation. The LIC’s investment objectives are to deliver a stream of fully franked dividends, to provide capital growth over the medium-to-long term and to preserve capital.

Joint lead managers Taylor-Collison Ltd and Morgans Financial Ltd, Co-managers are Ballieu Holst Ltd, Bell Potter Securities Ltd, Macquarie Equities Limited, Ord Minnett Ltd, and Patersons Securities Ltd.

For further information please see http://www.wamfunds.com.au