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

Sell:84.40p Buy:85.40p 0 Change: 0.40p (0.47%)
FTSE All Share:0.70%
Market closed |  Prices as at close on 21 November 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend today | Tender Offer

TwentyFour Select Monthly Income Fund Limited Ordinary 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 21 Nov 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 31 December 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.

 

You can ask to tender all or part of your holding in the offer. If you don’t want to sell any shares, you don’t need to do anything.


Tender my shares – Act by noon on Friday 29 November 2024

 

Any shares you ask to sell will be removed from your portfolio from 29 November 2024. Cash from the tender offer, or any rejected shares from excess elections, are expected to be credited to your account from 13 January 2025.


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/message and not on the summary information outlined above.

×
Sell:84.40p
Buy:85.40p
Change: 0.40p (0.47%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
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Market closed |  Prices as at close on 21 November 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend today | Tender Offer

TwentyFour Select Monthly Income Fund Limited Ordinary 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 21 Nov 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 31 December 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.

 

You can ask to tender all or part of your holding in the offer. If you don’t want to sell any shares, you don’t need to do anything.


Tender my shares – Act by noon on Friday 29 November 2024

 

Any shares you ask to sell will be removed from your portfolio from 29 November 2024. Cash from the tender offer, or any rejected shares from excess elections, are expected to be credited to your account from 13 January 2025.


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/message and not on the summary information outlined above.

×
Sell:84.40p
Buy:85.40p
Change: 0.40p (0.47%)
Market closed |  Prices as at close on 21 November 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend today | Tender Offer

TwentyFour Select Monthly Income Fund Limited Ordinary 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 21 Nov 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 31 December 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.

 

You can ask to tender all or part of your holding in the offer. If you don’t want to sell any shares, you don’t need to do anything.


Tender my shares – Act by noon on Friday 29 November 2024

 

Any shares you ask to sell will be removed from your portfolio from 29 November 2024. Cash from the tender offer, or any rejected shares from excess elections, are expected to be credited to your account from 13 January 2025.


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/message and not on the summary information outlined above.

×
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
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:
84.80p
Trade high:
85.40p
Year high:
88.00p
Estimated NAV:
83.60
Previous close:
85.20p
Trade low:
84.40p
Year low:
75.00p
Premium/Discount:
1.92%
Previous:
0.00p (0.00%) Previous:
0.00p
Volume:
151,892
Dividend yield:
8.70%
Currency:
GBX
Data delayed by at least 15 minutes.

Share chart Chart

Price

  • Net Asset Value (NAV)
TWENTYFOUR SEL performance chart

The chart is based on estimated NAV but will be updated with actual NAV when available.

Premium/Discount

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

Performance

1 week 1W 0% 1 year 1Y 13.45%
1 month 1M 0.93% 2 years 2Y 16.39%
3 months 3M 0.47% 3 years 3Y 10.97%
6 months 6M 1.91% 5 years 5Y 8.49%

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: 1.17%
Dividend yield: 8.70%
Dividend frequency: Monthly
Total assets: £225m
Gross gearing: 0%
Market capitalisation:Market cap.: £229m
Shares in issue: 268.57 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
1st interim * 21/11/2024 06/12/2024 0.50p
12th interim 17/10/2024 01/11/2024 1.38033p
11th interim 19/09/2024 04/10/2024 0.50p
10th interim 15/08/2024 30/08/2024 0.50p
9th interim 18/07/2024 02/08/2024 0.75p

* 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
30/09/2023 9.70% 1.55 7.37p
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

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: 83.60p
Latest actual NAV: 83.48p
Latest actual NAV date: 13 November 2024
Premium/Discount: 1.92%
12m average Premium/Discount: 1.90%
NAV frequency: Weekly

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Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Key Dates

Launch date: 7 March 2014
Financial year end: September
Next AGM: August 2025

Annual & interim reports

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'.