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

Sell:84.40p Buy:85.40p 0 Change: 0.20p (0.23%)
FTSE All Share:0.75%
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: 0.20p (0.23%)
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
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: 0.20p (0.23%)
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.

Business summary

TwentyFour Select Monthly Income Fund Limited is a Guernsey-based closed-ended investment company. The Company’s investment objective is to generate attractive risk-adjusted returns, principally through income distributions. The Company’s investment policy is to invest in a diversified portfolio of credit securities. Its portfolio is comprised of any category of credit security, including, without prejudice to the generality of the foregoing, bank capital, corporate bonds, high yield bonds, leveraged loans, payment-in-kind notes and asset-backed securities and includes securities of a less liquid nature. It maintains a portfolio diversified by issuer and comprises at least approximately 50 credit securities. Its alternative investment fund manager is Apex Fundrock Limited.

Important dates

Future events
Interim dividend payment date 06 December 2024 06/12/24
Past events
Interim ex-dividend date 21 November 2024 21/11/24
Interim dividend payment date 01 November 2024 01/11/24
Interim ex-dividend date 17 October 2024 17/10/24
Interim dividend payment date 04 October 2024 04/10/24
Interim ex-dividend date 19 September 2024 19/09/24
Interim dividend payment date 30 August 2024 30/08/24
Interim ex-dividend date 15 August 2024 15/08/24
AGM 08 August 2024 08/08/24
Quarterly dividend payment date 02 August 2024 02/08/24
Quarterly ex-dividend date 18 July 2024 18/07/24
Quarterly dividend payment date 05 July 2024 05/07/24
Quarterly ex-dividend date 20 June 2024 20/06/24
Annual report 11 June 2024 11/06/24
Quarterly dividend payment date 31 May 2024 31/05/24
Quarterly ex-dividend date 16 May 2024 16/05/24
Quarterly dividend payment date 03 May 2024 03/05/24
Quarterly ex-dividend date 18 April 2024 18/04/24
Interim dividend payment date 01 March 2024 01/03/24
Interim ex-dividend date 15 February 2024 15/02/24
Interim dividend payment date 02 February 2024 02/02/24
Interim ex-dividend date 18 January 2024 18/01/24
Interim dividend payment date 05 January 2024 05/01/24
Interim ex-dividend date 21 December 2023 21/12/23
Interim dividend payment date 01 December 2023 01/12/23

General stock information

EPIC:
SMIF
ISIN:
GG00BJVDZ946
Market cap:
£228.29 million
Shares in issue:
268.57 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'.