WAM Capital Limited (WAM) is a listed investment company that provides investors exposure to an actively managed diversified portfolio of undervalued growth companies. These are generally found in the small to medium industrial sector. WAM also provides exposure to relative value arbitrage and market mispricing opportunities. The investment objectives are to deliver investors a rising stream of fully franked dividends, to provide capital growth and preserve capital. WAM Capital Limited is a company which has been formed to invest in a portfolio of permitted investments. The Company provides investors with the opportunity to invest in an actively managed portfolio of investments and gain access to the management experience and expertise of Wilson Asset Management (International) Pty Limited (the Manager). The Company will predominantly invest in ASX listed Securities. The Company will have the flexibility to buy or short sell securities. The short sale of securities together with borrowings will never exceed 50% of the value of the Portfolio. [Less]