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TwentyFour Income Fund Ltd (TFIF) Ordinary GBP 0.01

Sell:113.20p Buy:113.60p 0 Change: 0.20p (0.18%)
FTSE 250:0.71%
Market closed |  Prices as at close on 16 September 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

TwentyFour Income Fund Ltd Ordinary GBP 0.01

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 3 Sep 2025)

TwentyFour Income Fund Ltd has announced details of a realisation opportunity for shareholders at the close of business on 29 August 2025.

 

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.

 

You can ask to sell all or part of your holding in the offer. If you don’t want to sell any shares, you don’t need to do anything.

 

Sell shares in the offer – Act by noon on Thursday 16 October 2025

 

Any shares you ask to sell will be removed from your portfolio from 16 October 2025. Cash from any successful realisation is expected during the week commencing 27 October 2025.

 

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/message and not on the summary information outlined above.

×
Sell:113.20p
Buy:113.60p
Change: 0.20p (0.18%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 16 September 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

TwentyFour Income Fund Ltd Ordinary GBP 0.01

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 3 Sep 2025)

TwentyFour Income Fund Ltd has announced details of a realisation opportunity for shareholders at the close of business on 29 August 2025.

 

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.

 

You can ask to sell all or part of your holding in the offer. If you don’t want to sell any shares, you don’t need to do anything.

 

Sell shares in the offer – Act by noon on Thursday 16 October 2025

 

Any shares you ask to sell will be removed from your portfolio from 16 October 2025. Cash from any successful realisation is expected during the week commencing 27 October 2025.

 

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/message and not on the summary information outlined above.

×
Sell:113.20p
Buy:113.60p
Change: 0.20p (0.18%)
Market closed |  Prices as at close on 16 September 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

TwentyFour Income Fund Ltd Ordinary GBP 0.01

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 3 Sep 2025)

TwentyFour Income Fund Ltd has announced details of a realisation opportunity for shareholders at the close of business on 29 August 2025.

 

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.

 

You can ask to sell all or part of your holding in the offer. If you don’t want to sell any shares, you don’t need to do anything.

 

Sell shares in the offer – Act by noon on Thursday 16 October 2025

 

Any shares you ask to sell will be removed from your portfolio from 16 October 2025. Cash from any successful realisation is expected during the week commencing 27 October 2025.

 

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/message and not on the summary information outlined above.

×
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
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.

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.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Fee Structure

Management fee of 0.75% of lower of NAV and market cap. Agreement is terminable on notice period of 12 months.

Dividend Policy

The Board intends to pay quarterly interim dividends with equal amounts paid in June, September, December and a final dividend paying the remaining income being paid in March each year. The annual dividend target being GBX 8.

ASSET SPLIT

Total number of holdings: 4.

Trust Manager

John Lawler

Manager Bio

John joined TwentyFour as a Portfolio Manager in the ABS team in August 2016. His main responsibilities include the firm’s public ABS funds, and a number of institutional mandates. John’s career spans 30 years in investment banking having worked for Barclays Capital in London in fixed income distribution for 23 years, covering a broad range of asset classes including a strong focus on Asset Backed Securities. More recently he was a Managing Director and Head of European ABS sales at Nomura International and prior to that held the same role at Royal Bank of Scotland.

Board Of Directors

Bronwyn CurtisChairman, John de Garis, Paul Le Page, John Le Poidevin, Joanne Fintzen

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. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

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'.