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

Sell:74.00p Buy:76.60p 0 Change: 0.70p (0.94%)
Market closed Prices as at close on 30 March 2020 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:
Shares due
Details (last updated 27 Feb 2020)

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 9am on Monday 2 March 2020 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 31 March 2020 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 9am on Monday 2 March 2020, 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 during the week beginning 13 April 2020.

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:74.00p
Buy:76.60p
Change: 0.70p (0.94%)
Market closed Prices as at close on 30 March 2020 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:
Shares due
Details (last updated 27 Feb 2020)

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 9am on Monday 2 March 2020 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 31 March 2020 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 9am on Monday 2 March 2020, 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 during the week beginning 13 April 2020.

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:74.00p
Buy:76.60p
Change: 0.70p (0.94%)
Market closed Prices as at close on 30 March 2020 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:
Shares due
Details (last updated 27 Feb 2020)

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 9am on Monday 2 March 2020 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 31 March 2020 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 9am on Monday 2 March 2020, 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 during the week beginning 13 April 2020.

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:
74.40p
Trade high:
74.60p
Year high:
99.00p
Estimated NAV:
87.77
Previous close:
74.60p
Trade low:
72.00p
Year low:
54.00p
Premium/Discount:
-15.12%
Previous:
0.10p (0.13%)
Previous:
0.10p
Volume:
337,146
Dividend yield:
8.50%
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 31.8% 1 year 1Y 18.56%
1 month 1M 24.34% 2 years 2Y 25.1%
3 months 3M 20.64% 3 years 3Y 21.88%
6 months 6M 19.96% 5 years 5Y 24.84%

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: 1.13%
Dividend yield: 8.50%
Dividend frequency: Monthly
Total assets: £162m
Gross gearing: 100%
Market capitalisation:Market cap.: £138m
Shares in issue: 185.18 million
Legal structure Closed Ended Investment Company
Domicile: Guernsey
ISIN GG00BJVDZ946

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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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: 87.77
Latest actual NAV: 71.41
Latest actual NAV date: 25 March 2020
Premium/Discount: -15.12%
12m average Premium/Discount: 1.95%
NAV frequency: None

Recent trade data is temporarily unavailable. We will be replacing it shortly, 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: July 2020
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'.