WAM 1.00% $1.49 wam capital limited

Ann: Register Date for AYS Bidder's Statement, page-63

  1. 3,667 Posts.
    lightbulb Created with Sketch. 438
    I am somewhat confused, happens often enough!
    I understand WAM is a LIC? In fact I am confident that is the case.
    As such, why is a LIC taking over a company? LIC companies I thought are to invest in companies, not own 100% of a company's shares.
    Set me straight please.
 
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