Monthly Fact Sheet

RNS Number : 0907H

TwentyFour Select Monthly Income Fd

14 May 2014

 



14 May 2014

TWENTYFOUR SELECT MONTHLY INCOME FUND

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

TwentyFour Income Fund has today published its monthly fact sheet to 30^th April 2014. Copies can be downloaded from the Company's website:

http://www.twentyfouram.com/funds/select-monthly-income-fund

 
http://www.rns-pdf.londonstockexchange.com/rns/0907H_-2014-5-14.pdf

TwentyFour Asset Management, the portfolio manager of the fund, is pleased to report that the fund was 97.6% invested as at close of business on 13^th May.

The overall gross portfolio yield, including the residual cash balance, is currently 7.26%.

The largest sector representation is Asset Backed Securities which account for 35% (18 positions) and have produced a yield of 7.17%. This is followed by High Yield Corporates at 29% (16 positions) which produce a yield of 7.75% and Bank Debt at 24% (12 positions) which have a yield of 7.74%.

The first monthly dividend of the fund (0.5p per Ordinary Share) will be with respect to June 2014.  The ex-dividend date is scheduled to be 16 July 2014 and the dividend is scheduled to be paid on 31 July 2014.

For further information, please contact:

Numis Securities Limited:
Nathan Brown	[phone]
Hugh Jonathan
TwentyFour Select Monthly Income Fund Limited:
John Magrath	[phone]
Alistair Wilson

 

END

 

 

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