WAM INCOME MAXIMISER LIMITED
ASX:WMXFund / trustShare count grew 200% in 24 months; 3 cash raises in 24 months
WAM INCOME MAXIMISER LIMITED's ordinary share count grew 199.6% between September 2025 and September 2026, its latest share-count filing, to 300M shares. The company raised capital three times in the 24-month window for total disclosed proceeds of A$470.8M, most recently a A$172.4M Entitlement Offer, Shortfall Offer and Placement in July 2026. No options or rights overhang data is disclosed. The company does not report a quarterly cash runway figure because it is a bank, lender, insurer, property or investment vehicle whose operating cash flow is not a spend rate; no funding-runway figure applies. No proposed securities issues are pending.
Quick answers · 2
When did WMX last raise capital?
The last capital raise in Wam Income Maximiser's filings is Entitlement Offer, Shortfall Offer and Placement of $172.4M announced 29 July 2026, one of 3 cash raises in 24 months.
How much has WMX's share count grown?
Wam Income Maximiser has 300.1M shares on issue as at 28 Oct 2026, up 199.6% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 30 Sept 2026 | 2A · quoted issue | WMX : ORDINARY FULLY PAID | 300.1M | Appendix 2A |
| 31 Aug 2026 | 2A · quoted issue | WMX : ORDINARY FULLY PAID | 300.0M | Appendix 2A |
| 28 Aug 2026 | 2A · quoted issue | WMX : ORDINARY FULLY PAID | 299.9M | Appendix 2A |
| 31 July 2026 | 2A · quoted issue | WMX : ORDINARY FULLY PAID | 193.5M | Appendix 2A |
| 30 June 2026 | 2A · quoted issue | WMX : ORDINARY FULLY PAID | 193.4M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
3 cash raises in the last 24 months · 1 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 28 Aug 2026 | Geoffrey Wilson | Buy | 1.4M | — | — | $2.2M | 3Y notice |
| 17 Apr 2026 | Kate Thorley | Buy on-market | 8k | — | — | $12k | 3Y notice |
| 18 Mar 2026 | Geoffrey Wilson | Buy on-market | 69k | — | — | $107k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.