WAM Income Maximiser Limited Announces Fully Franked Monthly Dividend of 0.66 Cents Per Share for October 2026

Overview of WAM Income Maximiser Limited’s Monthly Dividend Approach

WAM Income Maximiser Limited is an Australian listed investment company dedicated to delivering steady income streams to its shareholders. The company’s investment strategy focuses on generating consistent monthly distributions through a diversified portfolio. This monthly dividend payment for the period ending 31 October 2026 underscores WMX’s commitment to providing regular cash returns to investors.

The fully franked dividend reflects WMX’s ability to generate Australian-sourced income that has been taxed at the corporate level. Franking credits enhance value for Australian shareholders by offsetting their personal tax liabilities. The steady monthly dividend pattern highlights the company’s portfolio structure designed to support ongoing distribution payments, appealing to income-focused investors seeking reliable cash flow.

Full Franking at 30% Corporate Tax Rate Boosts Shareholder Returns

The declared dividend is fully franked, with 100% of the AUD 0.00660000 distribution carrying franking credits at the 30% corporate tax rate. This indicates the dividend has been fully taxed under Australian corporate tax laws prior to distribution, granting eligible Australian shareholders franking credit entitlements. This is particularly beneficial for retirees and low-income investors who can enhance their effective dividend yield through these credits.

The announcement confirms no unfranked component exists for this dividend (AUD 0.00000000 unfranked amount) and no conduit foreign income is included. This transparency allows shareholders to accurately assess the tax implications of this dividend payment.

Dividend Reinvestment Plan Provides Shareholders with Flexible Options

WAM Income Maximiser Limited’s Dividend Reinvestment Plan (DRP) applies to this dividend, offering shareholders the choice to reinvest dividends into additional shares or receive cash payments. The DRP election deadline is Thursday, 22 October 2026 at 5:00 PM. Shareholders who do not submit an election by this deadline will default to receiving cash dividends.

The DRP share price will be determined by the volume weighted average market price (VWAP) of WMX shares traded on the ASX over the four trading days starting from the ex-dividend date (19 October to 22 October 2026). Reinvested shares will be issued on 30 October 2026, coinciding with the dividend payment date. There is no discount applied to the DRP price, and newly issued shares will rank equally with existing shares from the issue date. This setup enables investors focused on capital growth to accumulate shares while providing income-focused shareholders with cash options.

Important Dates for Dividend and DRP Processing

The ex-dividend date is 19 October 2026, meaning shares purchased on or after this date will not be entitled to the dividend. Shareholders must be registered by the record date of 20 October 2026 to qualify for the dividend. The DRP election deadline is 22 October 2026 at 5:00 PM Australian time, after which no further DRP elections will be accepted.

Dividend payments will be made on 30 October 2026. Shareholders opting for cash payments will receive their dividends in their nominated bank accounts, while those participating in the DRP will have additional shares credited. Shareholders are encouraged to verify their DRP election and bank details with the share registry well ahead of these deadlines to avoid delays.

Dividend Amount and Franking Credit Details for Tax Purposes

The dividend amount of AUD 0.00660000 per ordinary fully paid share represents the cash component payable to shareholders. The franking credit, calculated at the 30% corporate tax rate, can be used by eligible Australian shareholders to offset tax liabilities. Generally, franking credits equal one-third of the franked dividend amount but shareholders should consult their tax advisers for individual circumstances. The total taxable income includes both the cash dividend and franking credits.

The announcement confirms no additional tax components or conduit foreign income are involved. Australian residents meeting holding period requirements can benefit from franking credits, while non-residents and some other investors may not utilize these credits, affecting their after-tax returns. Shareholders should seek professional tax advice regarding the dividend’s tax treatment.

No Discount Applied to Dividend Reinvestment Plan Pricing

WAM Income Maximiser Limited has confirmed the DRP carries a 0.0000% discount rate. Shareholders reinvesting dividends will receive shares priced at the full VWAP over the four trading days from the ex-dividend date, with no discount or premium applied. This means the decision to participate in the DRP is based solely on investment preference rather than pricing incentives.

The VWAP pricing method ensures transparency and reflects actual market trading. Investors should assess whether reinvesting dividends aligns with their financial goals, balancing the desire for current income against long-term shareholding growth.

Regulatory Approvals and Shareholder Consent Not Required for Dividend

The company has confirmed that no additional approvals are needed for this dividend payment. Specifically, no security holder, court, ASIC, ACCC, or Foreign Investment Review Board (FIRB) approvals are required. This reflects the routine nature of the dividend and WMX’s established distribution framework.

This streamlined process provides shareholders with confidence that the dividend will be paid as scheduled on 30 October 2026. The announcement has been lodged with the ASX in compliance with continuous disclosure obligations, ensuring full market transparency.

Investment Company Profile and Monthly Income Model

WAM Income Maximiser Limited is an Australian Securities Exchange-listed investment company (ABN 40683776954) focused on delivering regular monthly income distributions. Its portfolio is structured to generate consistent dividend income, catering to investors seeking frequent cash returns. The monthly distribution schedule differentiates WMX from other listed investment companies that typically pay quarterly or semi-annual dividends.

The fully franked dividends indicate the portfolio primarily consists of Australian shares or income sources, appealing to Australian retail investors who value franking credits. Prospective investors should consider whether WMX’s monthly income approach aligns with their investment objectives and income needs.

Shareholder Responsibilities and Critical Deadlines

Shareholders should be aware of key dates and actions related to this dividend. The DRP election deadline is Thursday, 22 October 2026 at 5:00 PM. Shareholders wishing to start, change, or stop DRP participation must submit their election by this time. Late elections will not be accepted, and the default cash payment option will apply.

The ex-dividend date of 19 October 2026 determines dividend eligibility, while the record date of 20 October 2026 finalizes the shareholder register snapshot. Shareholders should verify their contact and banking information with the share registry, especially if opting for cash payments. Any questions about dividend payments or DRP participation should be addressed to the share registry well before the 30 October 2026 payment date to ensure smooth processing.