Latest Listed Investment Company News

WAM Research’s FY2026 investment portfolio dropped 18%, dragging the company to a $28 million net loss. Despite underperformance, the LIC sustains its 10 cents per share dividend, backed by strong reserves and franking credits.

WAM Income Maximiser posted a robust 19.2% investment portfolio gain in FY2026, outperforming its benchmark by 13.4%, while raising fully franked dividends and launching a new entitlement offer to fuel further growth.

WAM Strategic Value delivered a 9.5% portfolio gain for FY2026, outpacing the ASX All Ordinaries by 3.8%, and declared a fully franked full-year dividend of 6.5 cents per share, up 8.3%. The company maintained a strong cash position and continued to capitalise on discounted asset opportunities.

WAM Global's FY2026 investment portfolio fell 4.2%, dragging the company to a $35.2 million net loss despite a 6.6 cent fully franked final dividend.

NAOS Ex-50 Opportunities Company Limited reported a $3.09 million after-tax loss for FY26 but raised its dividend by 5% and continued an active share buyback, reflecting confidence despite portfolio underperformance.

Whitefield Income Limited reported a 104% jump in net profit to $16 million for FY2026, supported by a near doubling in investment revenue and a $187 million capital raise. The listed investment company maintained steady fully franked dividends despite a slight dip in net asset backing per share.

WAM Leaders Limited (ASX:WLE) delivered a stellar FY2026 with net profit after tax soaring 153.5% to AUD 161.8 million, driven by a 14% investment portfolio gain that outpaced the ASX 200 by 7.9%. The company declared a fully franked full year dividend of 9.6 cents per share, maintaining a strong yield amid ongoing capital raising.

Marlin Global delivered a robust 3.1% gross portfolio return in July 2026, significantly outpacing its benchmark which fell 3.6%, thanks to strategic semiconductor underweighting and strong gains in tech giants Microsoft, Dexcom, and Amazon.

Kingfish's August 2026 update reveals a solid start to FY2027 with standout profit growth from Mainfreight and a significant valuation rise for Infratil's CDC Data Centres.

Kingfish Limited posted a net loss of NZD 13.6 million for FY2026, underperforming the NZX50 benchmark, but showed early signs of recovery in FY2027. The company re-elected two directors and maintained its focus on quality growth stocks amid a cautious economic outlook.

WAM Income Maximiser (ASX: WMX) has kicked off a $125.4 million entitlement offer priced at $1.62 per share, alongside a $47 million placement, aiming to bolster its capital base while maintaining a 7.1% fully franked dividend yield.

Excelsior Capital Limited plans a capital return of approximately A$27.43 million, about 94.6 cents per share, as it moves to wind up its investment portfolio and delist from the ASX. Shareholder approval is sought at a meeting on 17 August 2026, with trading suspension and removal from the official list scheduled for late August.