On October 27, 2020, Wilson Asset Management announced Contango Income Generator Limited and CIE’s investment manager Contango Asset Management Limited have been in discussions with WAM Capital Limited in relation to WAM’s current offer to acquire all issued shares in CIE. Wilson Asset stated that it has reviewed this announcement and endorses its content. Wilson Asset stated that its intendeds to close its offer on November 13, 2020, unless extended or withdrawn. Wilson Asset has confirmed that it does not currently intend to extend its offer beyond the minimum required by the corporations act, although it reserves the right to do so. Wilson Asset stated that if, however, its offer extends automatically, it will at that time clarify the date beyond which the Company shareholders accepting into its offer will no longer receive its dividend.