On September 30, 2020, Contango Income Generator Limited responds to the announcement by WAM Capital Limited issued on September 28, 2020, regarding its intention to make an off-market takeover offer for all of the shares in the Company for a consideration of 1 WAM share for every 3 Company shares. The Company stated that in respect of the proposed offer, the Company board is unanimous in its view that its shareholders should take no action and there is no need for shareholders to do anything or to make any decision in relation to the proposed offer until the board has had an opportunity to consider the bidder's statement and issued its formal recommendation regarding the proposed offer.