NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR IN OR INTO OR FROM
THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN.
6 September 2019
TwentyFour Income
Fund Limited
(“TFIF” or the
“Company”)
(a closed-ended
investment company incorporated in Guernsey with registration
number 56128 )
LEI: 549300CCEV00IH2SU369
Result of
Realisation Election
Following the Company’s announcement on 12 July 2019 in relation to the publication of a
circular relating to a realisation opportunity for Shareholders
(the “Circular”) , the Board announces the result of the
Realisation Election. Realisation Elections have been made in
respect of 24,349,342 Ordinary Shares.
Realisation Elections are intended to be satisfied in cash at
the Redemption Price, which will represent a 2 per cent. discount
to NAV per Ordinary Share. The NAV and the Redemption Price will be
published post market close on 9 September
2019.
Unless otherwise defined, capitalised words and phrases used in
this announcement shall have the meaning given in the Circular.
For further information, please contact:
TwentyFour Asset Management LLP +44
(0)20 7015 8900
John Magrath
Alistair Wilson
Numis Securities Limited +44 (0)20
7260 1000
Nathan Brown
Hugh Jonathan
IMPORTANT NOTICES
This Announcement has been issued for information purposes only,
it is not a prospectus. This Announcement does not constitute
or form part of and may not be construed as an offer to sell, or an
invitation to purchase, investments of any description, nor as a
recommendation regarding the possible offering or the provision of
investment advice by any party. No information in this
announcement should be construed as providing financial, investment
or other professional advice and each prospective investor should
consult its own legal, business, tax and other advisers in
evaluating any investment opportunity. It is issued by and is
the sole responsibility of the Company. No representation or
warranty, express or implied, is or will be made to, or in relation
to, and no responsibility or liability is or will be accepted by
Numis Securities Limited ("Numis") or by any of its affiliates or
agents as to or in relation to, the accuracy or completeness of
this Announcement or any other written or oral information made
available to or publicly available to any interested party or its
advisers, and any liability therefore is expressly disclaimed.
Numis is authorised and regulated by the Financial Conduct
Authority. Numis is acting for the Company as its sponsor, broker
and financial advisor and is not acting for anyone else and will
not be responsible to anyone other than the Company for providing
the protections afforded to its clients nor for providing the
protections afforded to customers of Numis nor providing advice in
relation to Realisation or any matters referred to therein. To the
fullest extent permitted by law recipients agree that Numis shall
not have any liability (direct or indirect) for or in connection
with this Announcement or any matters arising out of or in
connection herewith. Numis has not authorised the contents of, or
any part of, this document.
The distribution of this Announcement in certain jurisdictions
may be restricted by law. No action has been taken by the
Company or Numis that would permit an offering of any Ordinary
Shares or possession or distribution of this Announcement or any
other offering or publicity material relating to such Ordinary
Shares in any jurisdiction where action for that purpose is
required. Persons into whose possession this Announcement
comes are required by the Company and Numis to inform themselves
about, and to observe, such restrictions.
The information contained in this Announcement is subject to
change without notice and neither the Company nor Numis assume any
responsibility or obligation to update publicly.