TwentyFour Income Fund

Fund Updates

Below you will find all recent updates for the TwentyFour Income Fund.

6th March 2017 – TwentyFour Income Fund Presentation

Please find below the recent update presentation for TwentyFour Income Fund

View the presentation here

17th November 2016 – Half Yearly Report

The interim report and unaudited condensed interim financial statements for the period from 1 April 2016 to 30 September 2016 can be found here.

13th October 2016 – Dividend Announcement

The Directors of TwentyFour Income Fund Limited have declared that a dividend will be payable in respect of the quarter ending 30 September 2016.

Full story here.

11th October 2016 – Issue of Equity

TwentyFour Income Fund Limited (LSE: TFIF) is pleased to announce that, to satisfy market demand and to raise money for investment in accordance with the Company’s investment policy, 3,500,000 new ordinary shares of 1 pence each in the capital of the Company were issued today at a price of 112.57 per share (the “New Shares”) under its block listing facility, raising £3,939,950 (before costs and expenses).

Full story here.

6th October 2016 – Issue of Equity

TwentyFour Income Fund Limited (LSE: TFIF) is pleased to announce that, to satisfy market demand and to raise money for investment in accordance with the Company’s investment policy, 2,500,000 new ordinary shares of 1 pence each in the capital of the Company were issued today at a price of 112.43 per share under its block listing facility, raising £2,810,750 (before costs and expenses).

Full story here.

4th October 2016 – Block Listing

TwentyFour Income Fund announces that an application has been made to the UK Listing Authority for a block listing of 20,000,000 ordinary shares of 1 pence each.

The full story can be found here.

27th September 2016 – Issue of Equity

TwentyFour Income Fund Limited is pleased to announce that, to satisfy market demand, 2,500,000 new ordinary redeemable shares were issued today.

The full story can be found here.

25th August 2016 – Results of Placing

The Board is pleased to announce the placing has closed, raising £48million.

The full story can be found here.

16th August 2016 – TwentyFour Income Fund to Raise Capital As It Sees Opportunities

TwentyFour Income Fund intends to issue new shares to raise additional capital, as believes there is “significant opportunity” to deploy funds given “prevailing market conditions”.

The full story can be read here.

8th July 2016 – TwentyFour Income Fund ups dividend 

TwentyFour Income Fund Ltd said it has continued to trade at a premium to its share price and the dividend for the year has been increased.

The full story can be found here.

26th May 2016 – TwentyFour Income Fund raises £4.4 million in share issue

TwentyFour Income Fund Ltd on Thursday said it issued 4.1 million shares at a price of 108.56 pence per share on Thursday, raising around GBP4.4 million.

The full story can be found here.

21st March 2016  – TwentyFour Income Fund raises £6.3 million in share issue

TwentyFour Income Fund Ltd said Monday it has issued 6 million shares at a price of 104.43 pence per share, raising GBP6.3 million.

The full story can be found here.

THE INFORMATION CONTAINED HERE IS FOR PROFESSIONAL INVESTORS ONLY
Please remember that you should not base investment decisions on past performance and that prices may fluctuate and you may not get back your original investment. Past performance is not a reliable guide to future performance.
The funds’ risk category and a summary of some of the risks may be found in the Key Investor Information Document (KIID) and a detailed description of the risks can be found in Prospectus.
All Funds may invest in derivatives for efficient portfolio management purposes. The value of these investments may fluctuate significantly, but the overall intention of the use of derivative techniques is to reduce volatility of returns. A detailed description of the risks can be found in the Prospectus.
The information, data, analyses, and opinions contained herein (1) may not be copied or redistributed, (2) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (3) are not warranted to be correct, complete, or accurate.

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Terms & Conditions

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This website is directed exclusively at persons who are professional clients or eligible counterparties for the purposes of the handbook of rules and guidance issued from time to time by the FCA. ‘Professional clients’ are typically institutional investors, such as banks, insurance companies, pension funds and managers, collective investment schemes, local authorities, IFAs and large companies. Occasionally TwentyFour AM may be willing to treat an individual as an ‘elective’ professional client, where they have sufficient expertise, experience and knowledge, although where this is the case, it will be explicitly agreed between the relevant client and TwentyFour AM in writing. For the avoidance of doubt, any other individuals should consider themselves to be ‘retail clients’ and therefore should not view or seek to rely on any information contained in this website.

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This website is not intended to constitute, and should not be construed as, investment advice. Potential investors in the Funds should seek their own independent financial advice. This website has been provided for informational purposes only and may not be relied upon by you in evaluating the merits of investing in any securities or interests referred to on this website. This website is not intended as and is not to be taken as an offer or solicitation with respect to the purchase or sale of any security or interest, nor does it constitute an offer or solicitation in any jurisdiction, including those in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such a solicitation or offer. Any decision to purchase securities or interests with respect to any of the Funds described on this website must be based solely upon the information contained in the Prospectus or Private Placement Memorandum for that Fund, including any supplements thereto, which must be received and reviewed prior to any investment decision. Any person subscribing for an investment must be able to bear the risks involved and must meet the suitability requirements relating to such investments. Some or all alternative investment programmes may not be suitable for certain investors.

Although the information in this website is believed to be materially correct, no representation or warranty is given as to the accuracy of any of the information provided. Certain information included in this website is based on information obtained from sources considered to be reliable. However, any projections or analysis provided to assist the recipient of this website in evaluating the matters described on this website may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any projections or analysis should not be viewed as factual and should not be relied upon as an accurate prediction of future results. Furthermore, to the extent permitted by law, neither the Funds nor any of their agents, service providers or professional advisers assumes any liability or responsibility nor owes any duty of care for any consequences of any person acting or refraining to act in reliance on the information contained in this website or for any decision based on it.

Past performance is not a guide to future performance. The actual performance realised by any given investor will depend on, amongst other things, the Fund invested into, the class of shares/interests subscribed for, the period during which such shares/interests are held and in what currency such shares/interests are held. This website may include returns for various indices. These indices are not intended to be direct benchmarks for a particular Fund, nor are they intended to be indicative of the type of assets in which a particular Fund may invest. The assets invested in by the Funds will likely be materially different from the assets underlying these indices, and will likely have a significantly different risk profile.

Details of the specific and general risks associated with each Fund are contained within the Prospectus and the Simplified Prospectus of the Fund. Among the risks we wish to call to the particular attention of prospective investors are the following:

  1. past performance is not a guide to future performance;
  2. the value of an investment and any income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested;
  3. in order to offer a higher yield, a proportion of a Fund may be invested in higher risk securities that may increase the risk to your capital;
  4. in order to offer a higher yield, a proportion of a Fund may be invested in higher risk securities that may increase the risk to your capital;
  5. investments in fixed interest securities and bonds are subject to credit and market risk;
  6. the value of the underlying assets and therefore the value of shares in any Fund will be impacted by fluctuations in interest rates and the perceived credit risk of an issuer;
  7. investments may be concentrated in any one country, sector or issuer;
  8. a Fund may have a significant exposure to high yield bonds, emerging market bonds or non investment grade or unrated bonds at any time;
  9. non-investment grade bonds may increase the risk to capital;
  10. derivatives may be used to achieve Fund objectives and allocations may vary significantly over time;
  11. the yield or the capital value of a Fund (or both) can fluctuate and investors may not get back their original investment;
  12. in the case of any new Funds, there is a risk that if the anticipated size of the Fund is not achieved, the proportion of charges and expenses allocated to the investment may be higher and the value of the investment consequently reduced;
  13. investments in foreign markets are subject to special currency, political and economic risks;
  14. exchange rates may cause the value of underlying overseas investments to go down or up; and
  15. investments in emerging markets may be more volatile than other markets and the risk to capital is therefore greater; additionally, the economic and political situations may be more volatile than in established economies which may adversely influence the value of investments made.

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