WAM Strategic Value Limited (ASX: WAR) is a listed investment company (LIC) that provides exposure to a portfolio of discounted assets with a focus on listed closed-ended funds. The portfolio is managed by Wilson Asset Management (International) Pty Limited (the “Manager”), which forms part of the Wilson Asset Management Group which has ~$6 billion AUM and manages 9 LICs across …

Pengana Private Equity Trust (ASX: PE1) is a listed investment trust (LIT) that provides exposure to a portfolio of global private market investments. The Trust now has a track record of over 6 years, listing on the ASX in April 2019. At the IPO, the Trust raised $205m through the issue of 164m units. The Trust has grown since listing …

Gryphon Capital Income Trust (ASX: GCI) is a listed investment trust (LIT) designed to provide investors with regular monthly income through an actively managed portfolio of Residential Mortgage Backed Securities (RMBS) and Asset Backed Securities (ABS). The Trust is managed by Gryphon Capital Investments Pty Ltd (the “Manager” or “Gryphon”), a specialist fixed income manager wholly owned by Barings, a …

In this edition of the IIR LMI Monthly Update we take a look at the key news in September as well as the pricing and performance of LMIs across the market. We also review the dividends and distributions declared for the FY25 period and the dividend coverage of LICs.