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Plato Income Maximiser Limited

Fund Manager: Plato Investment Management
Inception Date: May 05, 2017

Sydney-based equities manager Plato Investment Management has another $320 million to put towards its income investment strategy.  Plato is set to announce it has raised more than $320 million for its new listed investment company, Plato Income Maximiser Ltd, which will commence trading late next week.  That means another $320 million trading around ASX-listed high yielding stocks, with Plato's own LIC seeking to pay fully franked dividends monthly to investors.  [More]

Plato Investment Management launches LIC

Investor Daily - Mar 10, 2017

Boutique fund manager Plato Investment Management has launched a listed investment company based off its Australian Shares Income Fund. The listed investment company (LIC), Plato Income Maximiser, is seeking to raise $220 million in its initial public offering, with capacity to take $110 million in oversubscriptions, at an initial price of $1.10 per share, Plato said. “Plato Income Maximiser is the first Australian LIC targeting to pay monthly, fully-franked dividends, which will appeal to investors who require a dependable income stream from their investment portfolio, but want to avoid eating into their capital as they manage longevity risk,” said Plato managing director Don Hamson. [More]

Plato LIC to focus on high yield bump

Financial Observer - Mar 10, 2017

Yield-focused fund manager Plato Investment Management has opened subscriptions for a listed version of its Income Maximiser strategy. The vehicle aims to take advantage of an anomaly in the high-yield equities space to boost income for pension phase investors without sacrificing the upside of broad sharemarket exposure. Launching the listed investment company (LIC) at a media lunch in Sydney yesterday, Plato chief investment officer Don Hamson said the strategy would look to avoid common pitfalls in other yield-focused strategies, including call options or broad tilts toward high yield stocks. - See more at: http://www.financialobserver.com.au/articles/plato-lic-to-focus-on-high-yield-bump#sthash.o9wEVZDr.dpuf [More]

The Plato Income Maximiser (PL8) IPO is now open through OnMarket Bookbuilds. OnMarket Bookbuilds are offering the chance to win $2,000 to invest in any IPO if you sign up before 30 April 2017. If you are interested in applying for shares in the IPO you can do so here. It seems fund managers are currently lining up for their turn to tap into the lucrative Self Managed Super Fund (SMSF) investor segment and SMSF investors' love for Lis ... [More]

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