Earnings release
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WAM Strategic Value Investment portfolio outperformance and increased fully franked full year dividend + 9.5 % 8.4 % 6.5 cps Performance of the Grossed - up dividend yield Fully franked full year dividend investment portfolio in FY2026 * \\ 3 August 2026 ASX announcement and media release $ 1.43 per share Look - through pre - tax net tangible assets ( NTA ) at 30 June 2026 The WAM Strategic Value Limited ( ASX : WAR ) investment portfolio increased 9.5 % * in the 12 months to 30 June 2026 , outperforming the S & P / ASX All Ordinaries Accumulation Index by 3.8 % . The WAM Strategic Value investment portfolio has increased 9.1 % and 12.2 % per annum respectively in the previous two and three - year periods as at 30 June 2026 . The WAM Strategic Value Board of Directors declared an increased fully franked full year dividend of 6.5 cents per share , with the fully franked final dividend being 3.25 cents per share , an 8.3 % increase on the FY2025 fully franked full year dividend of 6.0 cents per share . The FY2026 fully franked full year dividend of 6.5 cents per share represents a fully franked dividend yield of 5.9 % and a grossed - up dividend yield of 8.4 % when including the value of franking credits . Chairman and Lead Portfolio Manager Geoff Wilson AO said : " We are pleased to deliver WAM Strategic Value shareholders another year of sound investment portfolio performance together with an increased fully franked dividend . During the year we realised value from a number of holdings as discounts narrowed , supported by increased demand , corporate activity and capital management initiatives across the listed investment company ( LIC ) and listed investment trust ( LIT ) sector , alongside direct discounted asset plays . " WAM Strategic Value reported an operating profit before tax of $ 14.3 million ( FY2025 : $ 12.4 million ) and an operating profit after tax of $ 12.7 million ( FY2025 : $ 11.5 million ) for the 12 - month period to 30 June 2026 " . The investment portfolio performance for the 2026 financial year was driven by holdings in LICs and LITS with exposure to global equities . The investment portfolio's allocation to cash and cash equivalents was 28.8 % at 30 June 2026 , reflecting the investment team's disciplined approach to capital allocation amid heightened market uncertainty . Together with proceeds from realised investments , this liquidity enables the investment team to deploy capital selectively into attractive discounted opportunities as they emerge . At the end of the 2026 financial year , WAM Strategic Value's pre - tax net tangible assets ( NTA ) was $ 1.25 per share and the theoretical ' look - through ' NTA was $ 1.43 # per share , using the estimated or most recently available pre - tax NTA of the underlying investment portfolio . The theoretical ' look - through ' NTA incorporates the underlying net asset values of the holdings within the investment portfolio . WAM Strategic Value's share price at 30 June 2026 represented a 24.8 % discount to the look - through pre - tax NTA and a 14.1 % discount to the pre - tax NTA , representing a significant discount to the underlying portfolio value . WAM Strategic Value is currently trading at a 12.1 % discount to its 30 June 2026 pre - tax NTA . " Our priority remains delivering strong risk - adjusted returns for shareholders and working to close the Company's share price discount to NTA to reflect the value of its underlying assets over time . Periods of market uncertainty can create considerable investment opportunities , and with substantial liquidity , the Company is well positioned to continue generating risk adjusted returns for shareholders , " Mr Wilson added . Q & A Webinar Tuesday II August 2026 at 3:00 pm ( Sydney time ) Join Chairman and Lead Portfolio Manager Geoff Wilson AO , Wilson Asset Management Chief Financial Officer Jesse Hamilton and Investment Specialist Martyn McCathie for an update on WAM Strategic Value . WAM Strategic Value Limited ( ASX : WAR ) ABN 24 649 096 220 | wilsonassetmanagement.com.au Register now
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52.4% 17.0%1.3% 0.5% 28.8%
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$6.0 billion >250 years 29 years 13