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

Sell:96.40p Buy:97.20p 0 Change: 0.20p (0.21%)
Market closed Prices as at close on 27 July 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:
Client deadline
Details (last updated 20 Jul 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 Tuesday 31 August 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 September 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 Tuesday 31 August 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 11 October 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:96.40p
Buy:97.20p
Change: 0.20p (0.21%)
Market closed Prices as at close on 27 July 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:
Client deadline
Details (last updated 20 Jul 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 Tuesday 31 August 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 September 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 Tuesday 31 August 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 11 October 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:96.40p
Buy:97.20p
Change: 0.20p (0.21%)
Market closed Prices as at close on 27 July 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:
Client deadline
Details (last updated 20 Jul 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 Tuesday 31 August 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 September 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 Tuesday 31 August 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 11 October 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.

Business summary

TwentyFour Select Monthly Income Fund Limited is a closed-ended investment company. The Company's investment objective is to generate attractive risk adjusted returns, principally through income distributions. The Company invests in a diversified portfolio of Credit Securities. The Company's portfolio components primarily consist of Asset Backed Securities (ABS), Bank Capital and High Yield corporate bonds. Phoenix Fund Services (UK) Limited is the Company's alternative investment fund manager.

Important dates

Future events
Quarterly dividend payment date 30 July 2021 30/07/21
Past events
Quarterly ex-dividend date 15 July 2021 15/07/21
AGM 08 July 2021 08/07/21
Quarterly dividend payment date 30 June 2021 30/06/21
Quarterly ex-dividend date 17 June 2021 17/06/21
Quarterly dividend payment date 04 June 2021 04/06/21
Quarterly ex-dividend date 20 May 2021 20/05/21
Interim results 18 May 2021 18/05/21
Quarterly dividend payment date 30 April 2021 30/04/21
Quarterly ex-dividend date 15 April 2021 15/04/21
Interim dividend payment date 02 March 2021 02/03/21
Interim ex-dividend date 18 February 2021 18/02/21
Interim dividend payment date 29 January 2021 29/01/21
Interim ex-dividend date 14 January 2021 14/01/21
Interim dividend payment date 05 January 2021 05/01/21
Interim ex-dividend date 17 December 2020 17/12/20
Final results 10 December 2020 10/12/20
Annual report 10 December 2020 10/12/20
Interim dividend payment date 30 November 2020 30/11/20
Interim ex-dividend date 12 November 2020 12/11/20
Interim dividend payment date 30 October 2020 30/10/20
Interim ex-dividend date 15 October 2020 15/10/20
Interim dividend payment date 30 September 2020 30/09/20
Interim ex-dividend date 17 September 2020 17/09/20
Interim dividend payment date 31 August 2020 31/08/20
Interim dividend payment date 28 August 2020 28/08/20
Interim ex-dividend date 13 August 2020 13/08/20
Quarterly dividend payment date 31 July 2020 31/07/20

General stock information

EPIC:
SMIF
ISIN:
GG00BJVDZ946
Market cap:
£181.46 million
Shares in issue:
188.24 million
Sector:
Equity Investment Instruments
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
FTSE All Share,FTSE Small Cap

Contact details

Address:
Trafalgar Court, Les Banques
PO Box 255
SAINT PETER PORT
GY1 3QL
Guernsey
Telephone:
+44 (01481) 745001

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. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.

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'.