SMIF Twentyfour Select Monthly Income Fund Limited

 
TIDMSMIF 
 
30 March 2020 
 
 
                 TwentyFour Select Monthly Income Fund Limited 
 
TwentyFour Select Monthly Income Fund Limited (the "Company") was incorporated 
with limited liability in Guernsey, as a closed-ended investment company on 12 
February 2014. The Company's shares were listed with a Premium Listing on the 
Official List of the UK Listing Authority and admitted to trading on the Main 
Market of the London Stock Exchange ("LSE") on 10 March 2014. 
 
 
 
Re:      Company Update 
 
 
Company Update 
 
The credit market has endured significant volatility over the past month as 
market participants have reacted to the economic uncertainty brought about by 
the effects of the Covid-19 pandemic. Forced and indiscriminate selling has 
resulted in unprecedented volatility that in turn has created the opportunity 
to source assets that have been otherwise unavailable to investors for almost a 
decade. The higher yields available for selective credits in the current market 
have enabled the Board of Directors of the TwentyFour Select Monthly Income 
Fund to approve the issue of 20.9m new shares to meet specific investor demand. 
The estimated mark-to-market yield of the portfolio as at Close of Business 
25th March 2020 is 13.01% based on NAV (gross, GBP hedged, current 
yield-to-worst). 
 
Past performance is not a reliable indicator of future performance. 
 
The value of an investment and the income from it can fall as well as rise as a 
result of market and currency fluctuations and you may not get back the amount 
originally invested. 
 
 
For further information, please contact: 
 
Numis Securities Limited: 
 
Nathan Brown             +44 (0)20 7260 1000 
 
Hugh Jonathan 
 
TwentyFour Income Fund Limited: 
 
John Magrath              +44 (0)20 7015 8900 
 
Alistair Wilson 
 
 
 
 
 
END 
 

(END) Dow Jones Newswires

March 30, 2020 10:56 ET (14:56 GMT)

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