Issue of Equity

5 May 2016

TwentyFour Income Fund Limited

(“TFIF” or the “Company”)

Issue of equity

TwentyFour Income Fund Limited (LSE: TFIF) is pleased to announce that, to satisfy market demand and to raise money for investment in accordance with the Company’s investment policy, 3,600,000 new ordinary redeemable shares of 1p each in the capital of the Company were issued today at a price of 107.49 pence per share (the “New Shares”) under the Placing Programme, raising £3,869,640 (before costs and expenses).  The New Shares rank pari passu with the existing ordinary redeemable shares in issue. 

Following this issue, the Company’s issued share capital comprises 325,020,417 ordinary shares.  This figure of 325,020,417 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in the Company under the FCA’s Disclosure and Transparency Rules.

Applications will be made for the New Shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s main market for listed securities. Admission is expected to become effective, and dealings in the New Shares are expected to commence, at 8.00 a.m. on 10 May 2016.
 

For further information, please contact:

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