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TwentyFour Income Fund Ltd (TFIF) Ordinary GBP 0.01

Sell:109.50p Buy:110.50p 0 Change: 1.50p (1.38%)
Market closed Prices as at close on 13 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Redemption

TwentyFour Income Fund Ltd Ordinary GBP 0.01

Type:
Redemption
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 5 Aug 2019)

What is happening?

 

TwentyFour Income Fund Ltd has announced details of a Realisation Opportunity for Shareholders at the close of business on 16 July 2019.

 

The Company has announced it is giving Shareholders the opportunity to receive cash for all or part of their investment. Shares for which a valid election is received will either be redeemed at 98% of their Net Asset Value (NAV) or converted into Realisation Shares which will return cash through an orderly wind down and sale of underlying assets. These Realisation Shares will be tradable on the London Stock Exchange. Any elections may be subject to pro rata scaling back.

 

What are my options?

 

Option 1 – Elect to realise the value of a number of Shares through the Realisation Opportunity. If you wish to realise a number of Shares please give us your instruction by noon on Wednesday 4 September 2019, at which point any realised Shares will be removed from your portfolio.

 

Option 2 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:109.50p
Buy:110.50p
Change: 1.50p (1.38%)
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed Prices as at close on 13 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Redemption

TwentyFour Income Fund Ltd Ordinary GBP 0.01

Type:
Redemption
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 5 Aug 2019)

What is happening?

 

TwentyFour Income Fund Ltd has announced details of a Realisation Opportunity for Shareholders at the close of business on 16 July 2019.

 

The Company has announced it is giving Shareholders the opportunity to receive cash for all or part of their investment. Shares for which a valid election is received will either be redeemed at 98% of their Net Asset Value (NAV) or converted into Realisation Shares which will return cash through an orderly wind down and sale of underlying assets. These Realisation Shares will be tradable on the London Stock Exchange. Any elections may be subject to pro rata scaling back.

 

What are my options?

 

Option 1 – Elect to realise the value of a number of Shares through the Realisation Opportunity. If you wish to realise a number of Shares please give us your instruction by noon on Wednesday 4 September 2019, at which point any realised Shares will be removed from your portfolio.

 

Option 2 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:109.50p
Buy:110.50p
Change: 1.50p (1.38%)
Market closed Prices as at close on 13 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Redemption

TwentyFour Income Fund Ltd Ordinary GBP 0.01

Type:
Redemption
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 5 Aug 2019)

What is happening?

 

TwentyFour Income Fund Ltd has announced details of a Realisation Opportunity for Shareholders at the close of business on 16 July 2019.

 

The Company has announced it is giving Shareholders the opportunity to receive cash for all or part of their investment. Shares for which a valid election is received will either be redeemed at 98% of their Net Asset Value (NAV) or converted into Realisation Shares which will return cash through an orderly wind down and sale of underlying assets. These Realisation Shares will be tradable on the London Stock Exchange. Any elections may be subject to pro rata scaling back.

 

What are my options?

 

Option 1 – Elect to realise the value of a number of Shares through the Realisation Opportunity. If you wish to realise a number of Shares please give us your instruction by noon on Wednesday 4 September 2019, at which point any realised Shares will be removed from your portfolio.

 

Option 2 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
108.50p
Trade high:
109.75p
Year high:
124.00p
Estimated NAV:
111.50
Previous close:
108.50p
Trade low:
108.67p
Year low:
108.50p
Premium/Discount:
-2.69%
Previous:
1.25p (1.14%)
Previous:
1.25p
Volume:
232,034
Dividend yield:
5.94%
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
TWENTYFOUR INC performance chart

Premium/Discount

TWENTYFOUR INC performance chart
Full interactive share price and premium / discount charts

Performance

1 week 1W 0% 1 year 1Y 10.2%
1 month 1M 0.9% 2 years 2Y 5.17%
3 months 3M 3.93% 3 years 3Y 2.65%
6 months 6M 3.93% 5 years 5Y 13.39%

Performance figures are based on the previous close price. Past performance is not an indication of future performance.

Trust Basics

Benchmark: Not Benchmarked
Annual management charge: 0.75% of Net Assets
Performance fee: No
Ongoing charge: 1.02%
Dividend yield: 5.94%
Dividend frequency: Quarterly
Total assets: £583m
Gross gearing: 100%
Market capitalisation:Market cap.: £568m
Shares in issue: 523.06 million
Legal structure Closed Ended Investment Company
Domicile: Guernsey
ISIN GG00B90J5Z95

Recent dividends paid or declared by TwentyFour Income Fund Ltd:

Type Ex-div date Payment date Amount
1st interim 18/07/2019 31/07/2019 1.50p
4th interim 18/04/2019 30/04/2019 1.95p
3rd interim 17/01/2019 31/01/2019 1.50p
2nd interim 18/10/2018 31/10/2018 1.50p
1st interim 19/07/2018 31/07/2018 1.50p

This data is provided by Digital Look. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision.

Full dividend history

Five years' total annual TwentyFour Income Fund Ltd dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
31/03/2019 5.60% 0.27 6.45p
31/03/2018 6.10% 1.58 7.23p
31/03/2017 5.90% 2.17 6.99p
31/03/2016 6.80% -0.95 7.14p
31/03/2015 5.20% 1.43 6.65p

All dividend data is calculated excluding any special dividends. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Full dividend history

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Important Documents



Objective

The investment policy is to invest in a diversified portfolio of UK and European Asset Backed Securities.The Company will maintain a Portfolio diversified by issuer, it being anticipated that the Portfolio will comprise at least 50 Asset Backed Securities at all times.

NET ASSET VALUE (NAV)

Estimated NAV: 111.50
Latest actual NAV: 111.50
Latest actual NAV date: 6 September 2019
Premium/Discount: -2.69%
12m average Premium/Discount: 1.77%
NAV frequency: None
Time / date Time Buy / sell Type Volume Price Value
16:15 - 13/09 16:15
13/09
Sell 4000 109.75p £4,390.12
16:13 - 13/09 16:13
13/09
Sell 7000 109.61p £7,672.70
16:08 - 13/09 16:08
13/09
Sell 5000 109.61p £5,480.50
15:23 - 13/09 15:23
13/09
Sell 8000 109.11p £8,728.80
15:02 - 13/09 15:02
13/09
Sell 730 109.25p £797.55

Trades priced above mid-price at the time a trade is placed are assumed buys, those priced below are assumed sells. Trades priced close to mid-price or declared late are shown N/A. This is not a recommendation. More information.

More trades
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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled ‘N/A’.

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Key Dates

Launch date: 20 February 2013
Financial year end: March
Next AGM: September 2019
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.