Result of EGM

TWENTYFOUR SELECT MONTHLY INCOME FUND LIMITED
(a closed-ended investment company incorporated in Guernsey with registration number 57985
and legal entity identifier 549300P9Q5O2B3RDNF78)

 (“the Company”)

13 September 2017

RESULT OF EXTRAORDINARY GENERAL MEETING
 

At the Extraordinary General Meeting held today, the Extraordinary Resolutions set out in the Extraordinary General Meeting Circular sent to Shareholders dated 11 August 2017 were duly passed, the full resolution text as shown below.

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.

Extraordinary Resolution 1		For	Against	Withheld
THAT, the Directors of the Company be and they are hereby generally empowered, to allot and issue, to grant rights to subscribe for, or to convert and make offers or agreements to allot equity shares (as detailed in Article 6.2 of the Company’s articles of incorporation (the “Articles”) for cash as if the pre-emption rights contained in the Articles in respect of such equity securities did not apply to any such allotment, provided that this power shall be limited to:		45,455,005	860	5,314,338
a.	expires at the conclusion of the next Annual General Meeting of the Company after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is the earlier, save that the Company may, before such expiry, make an offer or agreement which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of any such offer or agreement as if the power conferred hereby had not expired; and
b.	shall be limited to the allotment of equity securities up to an aggregate nominal value of 16,092,915 being approximately 10 per cent of the nominal value of the issued share capital of the Company, as at 8 August 2017.
Extraordinary Resolution 2		For	Against	Withheld
THAT, conditional on extraordinary resolution 1 above having been passed, the Directors of the Company be and they are hereby generally empowered, in addition to and without prejudice to the power granted by extraordinary resolution 1 above, to allot and issue, to grant rights to subscribe for, or to convert and make offers or agreements to allot equity shares (as detailed in Article 6.2 of the Articles) for cash as if the pre-emption rights contained in the Articles in respect of such equity securities did not apply to any such allotment, provided that this power shall be limited to:		38,422,638	6,947,959	5,402,028
a.	expires at the conclusion of the next Annual General Meeting of the Company after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is the earlier, save that the Company may, before such expiry, make an offer or agreement which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of any such offer or agreement as if the power conferred hereby had not expired; and
b.	shall be limited to the allotment of equity securities up to an aggregate nominal value of 16,092,915 being approximately 10 per cent of the nominal value of the issued share capital of the Company, as at 8 August 2017.

In accordance with Listing Rule 9.6.2, the Extraordinary Resolution passed at the Extraordinary General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://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