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Excelsior Capital (ASX:ECL), a listed investment company formerly known as CMI, announced a realisation of its assets. In November 2025, Wilson Asset Management reported that on 18 November 2025 Excelsior Capital announced it would embark on an asset realisation and return of capital to shareholders, which would allow holders to capture the value of its underlying assets, closing the gap between share price and net asset value. Excelsior Capital operates in the Industrials sector within the Electrical Equipment industry, and Thesis Tracker has captured 1 comment from 1 fund manager, Wilson Asset Management. Excelsior Capital Limited, formerly CMI Limited, has been listed since 1993 and evolved from its electrical cable manufacturing heritage into an investment company that employs a flexible investment strategy across listed and unlisted assets, and is now realising its portfolio to return capital to shareholders, an outcome that WAM Strategic Value targets in discounted listed vehicles.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Wilson Asset Management have invested in Excelsior Capital Ltd (ASX:ECL).
Wilson highlights Excelsior's decision to realise its assets and return capital, which should allow shareholders to capture underlying value.
The available commentary does not set out specific risks, though the final amount returned depends on realisation values and timing.
Excelsior Capital Limited (ASX: ECL), formerly CMI Limited, is a Listed Investment Company (LIC) trading since 1993. ECL employs a dynamic investment strategy, utilizing a blend of acquisitions, direct investments, and managed investment schemes. The firm targets high compound returns while maintaining capital stability and low volatility. By minimizing correlation to traditional risk assets like equities and bonds, ECL maintains a flexible, diversified approach. This strategy allows the company to adapt to market volatility and reallocate capital responsively to optimize investment performance.
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11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.