Result of AGM

TWENTYFOUR SELECT MONTHLY INCOME FUND LIMITED

(a closed-ended investment company incorporated in Guernsey with registration number 57985)

(“the Company”)

Result of Annual General Meeting

7 July 2016

At the Annual General Meeting held today, all resolutions set out in the Annual General Meeting Notice sent to Shareholders dated 10 June 2016 were duly passed by way of a show of hands.

The proxy votes received on each resolution proposed at the AGM were as follows.  A vote withheld is not a vote in law and has not been counted in the votes for and against a resolution.

Ordinary Resolutions:		For	Against	Vote Withheld
1	To elect the Chair of the meeting.	42,598,114	0	0
2	To approve the Report and Audited Financial Statements of the Company for the period 1 October 2014 to 30 September 2015.	42,598,114	0	0
3	To re-appoint PricewaterhouseCoopers CI LLP as Auditor of the Company until the conclusion of the next Annual General Meeting.	42,595,114	3,000	0
4	To authorise the Board of Directors to determine the Auditor’s remuneration.	42,595,114	3,000	0
5	To re-elect Claire Whittet as a Director of the Company.	42,598,114	0	0
6	To re-elect Thomas Emch as a Director of the Company.	42,598,114	0	0
7	To re-elect Christopher Legge as a Director of the Company.	42,598,114	0	0
8	To re-elect Ian Martin as a Director of the Company.	42,598,114	0	0

9	To approve the Directors’ Remuneration Report as set out in the Report and Audited Financial Statements for the period 1 October 2014 to 30 September 2015.	42,598,114	0	0
10	That the Company be generally and unconditionally authorised to allot and issue, grant rights to subscribe for, or to convert securities.	42,595,114	3,000	0

Special Resolutions:		For	Against	Withheld
11	To approve the Quarterly Tender Facility.	42,598,114	0	0
12	That the Company be and is hereby generally and unconditionally authorised in accordance with the Companies (Guernsey) Law, 2008, as amended, to make market acquisitions of its own shares.	42,595,114	3,000	0
13	To adopt the Articles of Incorporation in the form produced to the meeting and initialled by the Chair.	40,995,459	1,602,655	0

Extraordinary Resolution		For	Against	Withheld
14	That, in accordance with Articles 6.2.1 of the Articles of Incorporation, the Directors be empowered to allot and issue shares for cash.	42,595,114	3,000	0

In accordance with Listing Rule 9.6.3, a copy of the Result of AGM has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

The Company Secretary

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel:       [phone]

END