Offer close date: Friday 11 April 2025 (5:00pm Sydney time)
The Company aims to provide monthly franked dividends and capital growth to shareholders by investing in Australia’s highest quality companies and corporate debt instruments. These companies are selected for their strong capital management and ability to sustain or grow their distributions over time, primarily in the form of franked dividends and share buybacks. The debt component of the investment portfolio will focus on primarily investment grade corporate debt, aiming to provide stable income and capital protection to the investment portfolio for shareholders.
Our proven investment process
Diligent and deep research on undervalued growth companies that focuses on free cash flow, return on equity, meeting management and the quality of a company.
Takes advantage of short-term mispricing opportunities in the Australian equity market.
Catalyst: a major event that alters the market’s perception of a company or its earnings momentum which will lead to a rerating of the investee company’s share price.
Our investment process

Key dates
Prospectus lodged with ASIC
Tuesday 4 March 2025
Replacement Prospectus lodged/expiry of the Exposure Period
Tuesday 11 March 2025
Offer open
Wednesday 12 March 2025
Broker Firm Offer expected to close
Friday 4 April 2025 (5:00pm AEDT)
Priority Allocation to the Wilson Asset Management Family expected to close
Friday 11 April 2025 (5:00pm AEST)
General Offer expected to close
Friday 11 April 2025 (5:00pm AEST)
Expected date of settlement
Thursday 17 April 2025
Expected date of allotment
Tuesday 22 April 2025
Date of dispatch of holding statements
Thursday 24 April 2025
Shares expected to commence trading on the ASX
Wednesday 30 April 2025
Board of Directors
Geoff Wilson has more than 45 years’ direct experience in investment markets having held a variety of senior investment roles in Australia, the UK and the US. Geoff founded Wilson Asset Management in 1997, which today, comprises of 20 investment professionals who offer a combined investment experience of more than 200 years. Wilson Asset Management manages over $5.9 billion on behalf of more than 130,000 investors as the investment manager for eight listed investment companies (LICs) and two unlisted funds: Wilson Asset Management Leaders Fund and Wilson Asset Management Founders Fund. Geoff is currently Chairman of WAM Capital Limited, WAM Leaders Limited, WAM Global Limited, WAM Microcap Limited, WAM Research Limited, WAM Active Limited and WAM Strategic Value Limited. He is the founder and Director of Future Generation Australia Limited and Future Generation Global Limited, and Director of WAM Alternative Assets Limited. In 2014 Geoff created Australia’s first listed philanthropic wealth creation vehicles, Future Generation Australia, and subsequently Future Generation Global in 2015. In 2024 Geoff launched Future Generation Women as the first all-female managed fund in Australia, delivering investment returns and advancing economic equality and opportunities for women and their children in Australia. To date, the Future Generation companies have donated more than $87 million to Australian not-for-profits. Geoff holds a Bachelor of Science, a Graduate Management Qualification and is a Fellow of the Financial Services Institute of Australia and the Australian Institute of Company Directors (AICD). In addition to Geoff’s Directorships with the Wilson Asset Management Group and the Future Generation companies, he also holds Directorships with Staude Capital Global Value Fund Limited (since 2014), Hearts and Minds Investments Limited (since 2018), Sporting Chance Cancer Foundation (since 1997) and the Australian Rugby Foundation (2024).
Kate Thorley has over 20 years’ experience in the funds management industry and more than 25 years of financial accounting and corporate governance experience. Kate is the Chief Executive Officer of Wilson Asset Management, Director of WAM Capital, WAM Leaders, WAM Global, WAM Research, WAM Active, WAM Microcap and WAM Strategic Value. Kate is a Director of Future Generation Australia and Future Generation Global. Kate is a graduate member of the Australian Institute of Company Directors and is a Chartered Accountant.
Curt Zuber has over 35 years’ experience in banking, finance, treasury, risk management, and executive leadership across Australia and the USA. He spent the majority of his career at Westpac, culminating in his role as Chief Executive Officer of Westpac Institutional Bank. Prior to that, he worked in Westpac’s Group Treasury department for nearly 25 years, including 16 years as Group Treasurer, where he chaired the bank’s Asset and Liability Committee. As Treasurer, Curt guided the bank through significant challenges, including the global financial crisis and the Covid-19 pandemic, making a notable impact on strengthening Westpac’s balance sheet and organisational resilience. He was also responsible for all of Westpac’s wholesale debt issuance, capital management and the management of the Bank’s prudential liquidity portfolio. Earlier in his career, Curt worked at Household International in both its Chicago and Sydney offices, with responsibilities spanning funding, liquidity management, trading, risk management and hedging strategies. Curt currently serves on the Advisory Board of the Australian Office of Financial Management, which issues debt securities on behalf of the Australian Government and the Independent Advisory Board of Imperium Markets Pty Limited. He is also Chairman of the Bestest Foundation and a Director of the Gotcha4Life Foundation. Curt holds a Bachelor of Arts with an Economics major and a Master of Business Administration.
JoAnna Fisher has extensive international financial services experience in investment management, institutional banking, capital markets, superannuation and corporate transactions. JoAnna is Chair and independent Director of Colonial First State Investments as well as a Director of the Australian Chamber Orchestra Instrument Fund Pty Limited and Chair since 15 March 2022. She was previously a Non-Executive Director of Mainstream Group (ASX: MAI); Chair and Independent Non-Executive Director of Morphic Ethical Equities (ASX: MEC); independent investment committee member of the Australian Catholic Superannuation and Retirement Fund and Non executive Director of Quantum Funds Management. Prior executive roles included Senior executive at Commonwealth Wholesale Bank and Bankers Trust in Tokyo, New York and London.
Jesse is a Chartered Accountant with more than 16 years’ experience working in advisory and assurance services, specialising in funds management. As the Chief Financial Officer, Jesse oversees all finance and accounting of Wilson Asset Management (International) Pty limited. Jesse is currently a non-executive director of the Listed Investment Companies & Trusts Association, Company Secretary for WAM Alternative Assets Limited and WAM Strategic Value Limited and Joint Company Secretary for WAM Capital Limited, WAM Leaders Limited, WAM Global Limited, WAM Microcap Limited, WAM Research Limited and WAM Active Limited, in addition to Future Generation Australia Limited and Future Generation Global Limited. Prior to joining Wilson Asset Management, Jesse worked as Chief Financial Officer of an ASX listed company, and also as an advisor specialising in assurance services, valuations, mergers and acquisitions, financial due diligence and capital raising activities for listed investment companies. Jesse was appointed Joint Company Secretary of WAM Capital Limited in November 2020.
Linda has over 20 years’ experience in financial accounting including more than 15 years in the funds management industry. As the Finance Manager of Wilson Asset Management (International) Pty Limited, Linda oversees finance and accounting and is also the Joint Company Secretary for six listed investment companies, WAM Capital Limited, WAM Leaders Limited, WAM Global Limited, WAM Microcap Limited, WAM Research Limited and WAM Active Limited. Linda holds a Bachelor of Commerce and is a fully qualified CPA. She is a certified member of the Governance Institute of Australia. Linda was appointed Company Secretary of WAM Capital Limited in October 2017.
Fully franked dividends
Our LICs have a proven track record of providing shareholders with a stream of fully franked dividends.
Diversification
Our LICs offer investors exposure to different market sectors and asset classes through their various underlying investments.
Experienced team
The investment team is comprised of 20 professionals who offer a combined experience of more than 200 years in Australian and international equity markets as well as in alternative assets.
Superior structures
The LIC structure allows us to invest for the long term, without being subject to the impact of applications and redemptions. LICs also adhere to strict corporate governance requirements and act in the best interest of shareholders.
Strong performance
We offer a strong track record of performance based on our rigorous investment process.
Risk-adjusted returns
Our flexible investment mandate allows above-average cash holdings and strong, risk-adjusted returns.
Full market access
We hold over 4,000 company meetings each year, and our knowledge of the market and extensive network continually provides valuable intelligence and investment opportunities.
Transparency & engagement
We provide email updates from our Lead Portfolio Managers and investment team, Chairman and CIO, timely market insights in the form of podcasts, articles and videos, in-person presentations, investor education materials and financial reporting.
Type
- Annual report
- Anti-bribery and corruption policy
- Appointment of Wilson Asset Management as Investment Manager
- Chairman's address
- Corporate governance charter
- Corporate governance statement
- Dividend reinvestment plan
- Entitlement offer booklet
- Entitlement offer fact sheet
- Fact sheet
- Financial report
- Independent research report
- Interim financial report
- Investment Approach
- Key dates
- Media release
- Modern slavery statement
- Monthly investment update
- Notice of meeting
- Option prospectus
- Presentation
- Prospectus
- Share purchase plan
- Share purchase plan announcement
- Share purchase plan booklet
- Target market determination
- Term sheet
- Whistleblower policy
- Withdrawal form