TwentyFour Select Monthly Income Fund Limited (SMIF) Ordinary 1p
Sell:85.00p
Buy:85.80p
0
Change:
0.20p
(0.23%)
0.20p
(0.23%)
FTSE All Share:0.18%
Market closed |
Prices as at close on 20 December 2024
Prices delayed by at least 15 minutes
|
Switch to live prices
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Sell:85.00p
Buy:85.80p
Change:
0.20p
(0.23%)
0.20p
(0.23%)
Deal for just £11.95 per trade in a
Stocks and Shares ISA,
Lifetime ISA
,
SIPP
or
Fund and Share Account
Market closed |
Prices as at close on 20 December 2024
Prices delayed by at least 15 minutes
|
Switch to live prices
|
Ex-dividend
Sell:85.00p
Buy:85.80p
Change:
0.20p
(0.23%)
0.20p
(0.23%)
Market closed |
Prices as at close on 20 December 2024
Prices delayed by at least 15 minutes
|
Switch to live prices
|
Ex-dividend
Deal for just £11.95 per trade in a
Stocks and Shares ISA,
Lifetime ISA
,
SIPP
or
Fund and 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.
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.
Top 10 holdings currently unavailable.
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Top 10 countries currently unavailable.
Fee Structure
Investment management fee of 0.75% of lower of market cap and NAV. The Investment Management Agreement may be terminated by either party giving not less than 12 months notice.
Dividend Policy
The Board intends to distribute an amount at least equal to the value of the Company excess income, as defined below, arising each financial year to the holders of Ordinary Shares. However, there is no guarantee that the dividend target of 6.0 pence per Ordinary Share for each financial year will be met or that the Company will make any distributions at all.The Board Intends to pay dividend on monthy basis.
ASSET SPLIT
Trust Manager
Not currently available for this investment trust.
Manager Bio
Not currently available for this investment trust.
Board Of Directors
Ashley PaxtonChairman, Sharon Parr, Wendy Dorey, Richard Class
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.
Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are 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'.