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Stocks and Shares ISATwentyFour Income Fund Limited is a closed-ended investment company. The Company operates through investments in the Asset-Backed Securities segment. The Company’s investment objective is to generate attractive risk-adjusted returns principally through income distributions. Its investment policy is to invest in a diversified portfolio of predominantly in the United Kingdom and European Asset-Backed Securities. The Company’s alternative investment fund manager is Maitland Institutional Services Limited.
Trust Information
About this company
Objective
To generate attractive risk-adjusted returns principally through income distributions by investing in a diversified portfolio of UK and European asset-backed securities.The Portfolio will comprise at least 50 Asset Backed Securities at all times.
Costs
- Ongoing charge0.96%
- Annual management charge -
- Performance feeNo
Fee structure
Management fee of 0.75% of lower of NAV and market cap. Agreement is terminable on notice period of 12 months.
Value Assessment
- Value Assessment review date-
- Value Assessment next review date31 December 2025
- Is Assessment of Value required under COLL?No
- Outcome of COLL Assessment of Valuen/a
- Outcome of PRIN Value Assessment or reviewProduct expected to provide fair value for reasonably foreseeable period
- Other review related to value and or charges -
- Further information-
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Key facts
- CurrencyGBX
- BenchmarkNo benchmark
- Shares in issue829.61m
- Gross gearing0.00%
- EPICTFIF
- ISINGG00B90J5Z95
- DomicileGuernsey
- ExchangeLondon Stock Exchange (LON)
- IndexFTSE All Share Index, Britain-FTSE250-Index
- Website
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. Overview of the company, currency, shares in issue, EPIC, location, exchange, index, website, Data sourced by LSEG. Objective, Costs, Fee Structure, Key facts including Benchmark, Gross gearing are provided by MorningStar.