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TwentyFour Select Monthly Income Fund Limited (SMIF) Ordinary 1p

Sell:80.80p Buy:82.00p 0 Change: No change
Market closed Prices as at close on 27 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Tender Offer

TwentyFour Select Monthly Income Fund Limited Ordinary 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 22 Feb 2024)

TwentyFour Select Monthly Income Fund Ltd has announced details of a quarterly tender offer. 

 

The company has announced it intends to purchase up to 20% of the issued share capital at a price based on the net asset value (NAV). The tender price will be set at a 2% discount to the NAV on 28 March 2024. Tender elections in excess of your basic entitlement may be subject to pro rata scaling back. As your shares are held with Hargreaves Lansdown scaling back of excess elections may not be on the same terms as those announced by the company.

 

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.

 

Tender a number of shares - Act by noon on Thursday 29 February 2024

 

Any tendered shares will be removed from your portfolio from 29 February 2024. Cash from the tender offer, or any rejected shares from excess elections, are expected to be credited to your account from 15 April 2024.

 

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:80.80p
Buy:82.00p
Change: No change
Market closed Prices as at close on 27 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Tender Offer

TwentyFour Select Monthly Income Fund Limited Ordinary 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 22 Feb 2024)

TwentyFour Select Monthly Income Fund Ltd has announced details of a quarterly tender offer. 

 

The company has announced it intends to purchase up to 20% of the issued share capital at a price based on the net asset value (NAV). The tender price will be set at a 2% discount to the NAV on 28 March 2024. Tender elections in excess of your basic entitlement may be subject to pro rata scaling back. As your shares are held with Hargreaves Lansdown scaling back of excess elections may not be on the same terms as those announced by the company.

 

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.

 

Tender a number of shares - Act by noon on Thursday 29 February 2024

 

Any tendered shares will be removed from your portfolio from 29 February 2024. Cash from the tender offer, or any rejected shares from excess elections, are expected to be credited to your account from 15 April 2024.

 

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:80.80p
Buy:82.00p
Change: No change
Market closed Prices as at close on 27 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Tender Offer

TwentyFour Select Monthly Income Fund Limited Ordinary 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 22 Feb 2024)

TwentyFour Select Monthly Income Fund Ltd has announced details of a quarterly tender offer. 

 

The company has announced it intends to purchase up to 20% of the issued share capital at a price based on the net asset value (NAV). The tender price will be set at a 2% discount to the NAV on 28 March 2024. Tender elections in excess of your basic entitlement may be subject to pro rata scaling back. As your shares are held with Hargreaves Lansdown scaling back of excess elections may not be on the same terms as those announced by the company.

 

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.

 

Tender a number of shares - Act by noon on Thursday 29 February 2024

 

Any tendered shares will be removed from your portfolio from 29 February 2024. Cash from the tender offer, or any rejected shares from excess elections, are expected to be credited to your account from 15 April 2024.

 

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.

×
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:
n/a
Trade high:
n/a
Year high:
82.40p
Estimated NAV:
79.55
Previous close:
80.80p
Trade low:
n/a
Year low:
64.20p
Premium/Discount:
1.32%
Previous:
0.20p (0.25%)
Previous:
0.20p
Volume:
n/a
Dividend yield:
9.12%
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
TWENTYFOUR SEL performance chart

Premium/Discount

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

Performance

1 week 1W 0% 1 year 1Y 3.59%
1 month 1M 0.87% 2 years 2Y 10.22%
3 months 3M 7.45% 3 years 3Y 13.86%
6 months 6M 9.78% 5 years 5Y 11.5%

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

Trust Basics

Benchmark: No benchmark
Annual management charge: n/a
Performance fee: No
Ongoing charge: 1.15%
Dividend yield: 9.12%
Dividend frequency: Monthly
Total assets: £193m
Gross gearing: 0%
Market capitalisation:Market cap.: £196m
Shares in issue: 243.07 million
Legal structure Closed Ended Investment Company
Domicile: Guernsey
ISIN GG00BJVDZ946

Recent dividends paid or declared by TwentyFour Select Monthly Income Fund Limited:

Type Ex-div date Payment date Amount
4th interim * 15/02/2024 01/03/2024 0.50p
3rd interim 18/01/2024 02/02/2024 0.50p
2nd interim 21/12/2023 05/01/2024 0.50p
1st interim 16/11/2023 01/12/2023 0.50p
12th interim 19/10/2023 03/11/2023 1.86996p

* Dividend has not yet been paid but has been declared by TwentyFour Select Monthly Income Fund Limited.

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 Select Monthly Income Fund Limited dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
30/09/2022 8.80% -2.72 6.39p
30/09/2021 6.80% 1.93 6.52p
30/09/2020 7.40% 0.86 6.14p
30/09/2019 6.80% 0.63 6.34p
30/09/2018 6.80% 0.44 6.55p

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 Fund will actively invest in a diversified portfolio of fixed income credit securities that exhibit an illiquidity premium, and which the Portfolio Managers believe represent attractive relative value. These securities will include (but are not limited to): corporate bonds, asset-backed securities, high yield bonds, bank capital, Additional Tier 1 securities, payment-in-kind notes and leveraged loans. Uninvested cash or surplus capital or assets may be invested on a temporary basis in cash and/or a range of assets including money market instruments and government bonds. The Fund may also use derivatives. This is only a summary; details of the Fund’s investment policy, including investment restrictions, are set out more fully in the Prospectus. Typical investors for whom these Ordinary Shares are intended are professional investors or professionally advised retail investors who are principally seeking monthly income from a portfolio of credit securities.

NET ASSET VALUE (NAV)

Estimated NAV: 79.55
Latest actual NAV: 79.46
Latest actual NAV date: 21 February 2024
Premium/Discount: 1.32%
12m average Premium/Discount: -0.51%
NAV frequency: Weekly

Recent trade data is unavailable. We will be replacing it, however in the meantime the information is available on the London Stock Exchange website.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Key Dates

Launch date: 7 March 2014
Financial year end: September
Next AGM: August 2024
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.

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'.