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

Sell:95.20p Buy:97.00p 0 Change: No change
Market closed Prices as at close on 21 June 2021 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:
Cash due
Details (last updated 26 Mar 2021)

What is happening?

 

TwentyFour Select Monthly Income Fund Ltd has announced details of a Quarterly Tender Offer. You have two options to consider before our noon on Friday 28 May 2021 deadline.

 

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 30 June 2021 NAV.

 

What are my options?

 

Option 1 – Tender a number of Shares. If you wish to tender a number of Shares please give us your instruction by noon on Friday 28 May 2021, at which point any tendered Shares will be removed from your portfolio. Cash from the Tender Offer, or any rejected Shares from Excess elections, are expected to be credited to your Account from the week commencing 12 July 2021.

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:95.20p
Buy:97.00p
Change: No change
Market closed Prices as at close on 21 June 2021 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:
Cash due
Details (last updated 26 Mar 2021)

What is happening?

 

TwentyFour Select Monthly Income Fund Ltd has announced details of a Quarterly Tender Offer. You have two options to consider before our noon on Friday 28 May 2021 deadline.

 

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 30 June 2021 NAV.

 

What are my options?

 

Option 1 – Tender a number of Shares. If you wish to tender a number of Shares please give us your instruction by noon on Friday 28 May 2021, at which point any tendered Shares will be removed from your portfolio. Cash from the Tender Offer, or any rejected Shares from Excess elections, are expected to be credited to your Account from the week commencing 12 July 2021.

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:95.20p
Buy:97.00p
Change: No change
Market closed Prices as at close on 21 June 2021 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:
Cash due
Details (last updated 26 Mar 2021)

What is happening?

 

TwentyFour Select Monthly Income Fund Ltd has announced details of a Quarterly Tender Offer. You have two options to consider before our noon on Friday 28 May 2021 deadline.

 

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 30 June 2021 NAV.

 

What are my options?

 

Option 1 – Tender a number of Shares. If you wish to tender a number of Shares please give us your instruction by noon on Friday 28 May 2021, at which point any tendered Shares will be removed from your portfolio. Cash from the Tender Offer, or any rejected Shares from Excess elections, are expected to be credited to your Account from the week commencing 12 July 2021.

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.

×
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:
94.40p
Trade high:
n/a
Year high:
97.80p
Estimated NAV:
93.50
Previous close:
94.40p
Trade low:
n/a
Year low:
81.00p
Premium/Discount:
2.68%
Previous:
1.60p (1.67%)
Previous:
1.60p
Volume:
n/a
Dividend yield:
6.50%
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 2.88% 1 year 1Y 12.65%
1 month 1M 2.38% 2 years 2Y 0.96%
3 months 3M 1.72% 3 years 3Y 4.65%
6 months 6M 6.79% 5 years 5Y 9.13%

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

Trust Basics

Benchmark: ICE BofA Gbl Brd Mkt TR USD
Annual management charge: 0.75% of Net Assets
Performance fee: No
Ongoing charge: 1.12%
Dividend yield: 6.50%
Dividend frequency: Monthly
Total assets: £176m
Gross gearing: 100%
Market capitalisation:Market cap.: £181m
Shares in issue: 188.24 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
8th interim * 17/06/2021 30/06/2021 0.50p
7th interim 20/05/2021 04/06/2021 0.50p
6th interim 15/04/2021 30/04/2021 0.50p
5th interim 18/03/2021 31/03/2021 0.50p
4th interim 18/02/2021 02/03/2021 0.50p

* 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
30/09/2020 7.40% 0.86 6.14p
30/09/2019 6.80% 0.63 6.34p
30/09/2018 6.80% 0.44 6.55p
30/09/2017 6.60% 2.01 6.56p
30/09/2016 7.40% 0.57 6.85p

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

To generate attractive risk adjusted returns, principally through income distributions. The company intends to invest in a diversified portfolio of credit securities, including bank capital, corporate bonds, high yield bonds, leveraged loans, payment-in kind notes and asset backed securities.

NET ASSET VALUE (NAV)

Estimated NAV: 93.50
Latest actual NAV: 93.97
Latest actual NAV date: 16 June 2021
Premium/Discount: 2.68%
12m average Premium/Discount: 0.67%
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.

Security Weight
Nationwide Bldg Society 10.25% 3.50%
Coventry Bldg Society 6.875% 2.66%
Aldermore Group 11.875% 2.15%
Oaknorth Bank Plc 7.75% 1.63%
Santander UK 1.63%
Bracken Midco1 8.875% 1.52%
Capital Bridging Finance 1% Mezz 1.52%
Phoenix Group 5.75% 1.51%
Paragon Banking Group plc 7.25% 090916 1.48%
Societe Generale 7.375% 1.42%

Top 10 sectors currently unavailable.

Country Weight
United Kingdom 4.38%

Key Dates

Launch date: 7 March 2014
Financial year end: September
Next AGM: July 2021
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'.