NAV and Issue of New Shares

RNS Number : 7224G

TwentyFour Income Fund Limited

11 June 2013

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

TwentyFour Income Fund Limited

(a closed-ended investment company incorporated in Guernsey with registration number 56128)

NAV and Issue of Equity

11 June 2013

FUND NAME	NAV	ISIN	NAV DATE
TwentyFour Income Fund	102.67p	GG00B90J5Z95	7th June 2013

Further to the announcement of 7 June 2013, the board of TwentyFour Income Fund Limited (the "Company", "TFIF") is pleased to announce that 29,602,750 new ordinary redeemable shares of 1p each were today issued for cash at 104.72 pence per share (the "New Shares"), raising GBP 31 million before costs and expenses. The New Shares were issued at a 2 per cent. premium to the NAV as at 7 June 2013.

As a result of the issue of equity set out above, the Company's issued share capital consists of 179,602,750 Ordinary shares.

Application has been made for the New Shares to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange. It is expected that dealings in the new shares will commence at 8.00 a.m. on Thursday, 13 June 2013.

For further information, please contact:

Numis Securities Limited:

Chris Gook (Sales)                            [phone]

Nathan Brown / Hugh Jonathan (Corporate)      [phone]

TwentyFour Income Fund Limited:

John Magrath                                  [phone]

Alistair Wilson

 

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