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

Sell:90.60p Buy:91.80p 0 Change: No change
Market closed Prices as at close on 20 March 2019 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 23 Jan 2019)

TwentyFour Select Monthly Income Fund Ltd has announced details of a Quarterly Tender Offer. You have two options to consider before our noon Wednesday 27 February 2019 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 29 March 2019 NAV.

 

Option 1 – Tender a number of Shares. If you wish to tender a number of Shares please give us your instruction by noon Wednesday 27 February 2019, 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 shortly after 8 April 2019.

 

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:90.60p
Buy:91.80p
Change: No change
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 20 March 2019 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 23 Jan 2019)

TwentyFour Select Monthly Income Fund Ltd has announced details of a Quarterly Tender Offer. You have two options to consider before our noon Wednesday 27 February 2019 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 29 March 2019 NAV.

 

Option 1 – Tender a number of Shares. If you wish to tender a number of Shares please give us your instruction by noon Wednesday 27 February 2019, 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 shortly after 8 April 2019.

 

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:90.60p
Buy:91.80p
Change: No change
Market closed Prices as at close on 20 March 2019 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 23 Jan 2019)

TwentyFour Select Monthly Income Fund Ltd has announced details of a Quarterly Tender Offer. You have two options to consider before our noon Wednesday 27 February 2019 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 29 March 2019 NAV.

 

Option 1 – Tender a number of Shares. If you wish to tender a number of Shares please give us your instruction by noon Wednesday 27 February 2019, 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 shortly after 8 April 2019.

 

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:
n/a
Trade high:
n/a
Year high:
101.00p
Estimated NAV:
89.67
Previous close:
91.20p
Trade low:
n/a
Year low:
88.40p
Premium/Discount:
1.93%
Previous:
0.20p (0.22%)
Previous:
0.20p
Volume:
n/a
Dividend yield:
7.18%
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 0.11% 1 year 1Y 7.88%
1 month 1M 0.33% 2 years 2Y 2.46%
3 months 3M 0.55% 3 years 3Y 5.43%
6 months 6M 5.98% 5 years 5Y 11.78%

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

Trust Basics

Benchmark: n/a
Annual management charge: 0.75% of Net Assets
Performance fee: No
Ongoing charge: 1.19%
Dividend yield: 7.18%
Dividend frequency: Monthly
Total assets: £166m
Gross gearing: 100%
Market capitalisation:Market cap.: £169m
Shares in issue: 185.18 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
5th interim * 14/03/2019 29/03/2019 0.50p
4th interim 14/02/2019 28/02/2019 0.50p
3rd interim 17/01/2019 31/01/2019 0.50p
2nd interim 13/12/2018 31/12/2018 0.50p
1st interim 15/11/2018 30/11/2018 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
30/09/2018 6.80% 0.44 6.55p
30/09/2017 6.60% 2.01 6.56p
30/09/2016 7.40% 0.57 6.85p
30/09/2015 6.80% 0.20 6.53p
30/09/2014 3.00% 0.39 3.08p

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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More about the Fund and Share Account

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: 89.67
Latest actual NAV: 90.17
Latest actual NAV date: 13 March 2019
Premium/Discount: 1.93%
12m average Premium/Discount: 3.47%
NAV frequency: None
Time / date Time Buy / sell Type Volume Price Value
08:04 - 20/03 08:04
20/03
Sell 737 91.18p £671.97
08:04 - 20/03 08:04
20/03
Sell 3700 90.73p £3,357.08
08:02 - 20/03 08:02
20/03
Sell 728 91.18p £663.76
16:07 - 19/03 16:07
19/03
Sell 10000 91.28p £9,128.00
16:03 - 19/03 16:03
19/03
Buy 30005 90.90p £27,274.55

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.

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