WAM Capital Limited (WAM) is an Australia-based investment company, which is primarily an investor in equities listed on the Australian Securities Exchange. The Company's investment objectives are to deliver a rising stream of fully franked dividends; to provide capital growth, and to preserve capital of the Company. It invests in various sectors, such as financials, consumer discretionary, industrials, healthcare, information technology, telecommunication services, consumer staples, utilities and materials. The Company's trading opportunities are derived from initial public offerings, placements, block trades, rights issues, corporate transactions (such as takeovers, mergers, schemes of arrangements, corporate spin-offs and restructures), arbitrage opportunities, life insurance corporation (LIC) discount arbitrages, short-selling and trading market themes and trends. Wilson Asset Management (International) Pty Ltd is the Company's investment manager.