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TwentyFour Income Fund Limited Raises £1,455,870.00 through Issue of Equity

Strategic Insights

— 1 min read

TwentyFour Income Fund Limited, a FTSE 250 listed investment company targeting less liquid, higher yielding UK and European asset-backed securities, has announced the issue of 1,300,000 ordinary shares at a price of 111.99 pence per share, raising £1,455,870.00 before costs and expenses. This move aims to satisfy market demand and provide the Company with the necessary funds to invest in accordance with its policy. Following the issue, the Company's issued share capital will comprise 758,136,661 ordinary shares.

Key Takeaways:

  • The Company has issued 1,300,000 ordinary shares at a price of 111.99 pence per share, raising £1,455,870.00 before costs and expenses.
  • The funds raised will be used to invest in a diversified portfolio of UK and European asset-backed securities, in line with the Company's investment policy.
  • The issue satisfies market demand and provides the Company with the necessary capital to support its growth.
  • The Company's issued share capital will now comprise 758,136,661 ordinary shares, which can be used by shareholders to determine if they are required to notify their interest in the share capital under the FCA's Disclosure and Transparency Rules.
  • The Company aims to generate attractive risk-adjusted returns, principally through income distributions, by investing in a diversified portfolio of asset-backed securities.
  • The Company's LEI is: 549300CCEV00IH2SU369.

Statistics:

  • The Company has issued 1,300,000 ordinary shares.
  • The price per share was 111.99 pence.
  • The total amount raised was £1,455,870.00.
  • The Company's issued share capital now comprises 758,136,661 ordinary shares.
  • The Company owns a FTSE 250 listing.
  • The issue satisfies market demand to raise money for investment.

Sources:

  • TwentyFour Income Fund Limited, "Issue of Equity", PR Newswire, June 20, 2025.
  • FCA Disclosure and Transparency Rules.
  • TwentyFour Income Fund Limited, "Investment Policy".

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