TIDMTFIF 
 
TwentyFour Income Fund Limited 
 (a closed-ended investment company incorporated in Guernsey with registration 
                                number  56128) 
                       LEI Number: 549300CCEV00IH2SU369 
                                (The "Company") 
 
                               19 September 2019 
 
                       RESULT OF ANNUAL GENERAL MEETING 
 
At the Annual General Meeting of the Company held today, all Resolutions, with 
the exception of Resolution 15, set out in the Annual General Meeting Notice 
sent to Shareholders dated 16 August 2019 were duly passed. 
 
Whilst receiving a majority of votes for, Resolution 15 was an Extraordinary 
Resolution which required 75% of votes to be passed but achieved 67.44% and was 
therefore not passed. Resolution 15 was in relation to the Disapplication of 
Pre-Emption Rights and the Board will be considering the implication of this 
result. 
 
Details of the proxy voting results which should be read along side the Notice 
are noted below: 
 
   Ordinary            For            Discretion         Against        Abstain 
  Resolution                       (voted in favour) 
 
       1           331,984,764             0                0           75,000 
 
       2           331,996,441             0             63,322            0 
 
       3           331,968,794             0             75,969         15,000 
 
       4           332,036,446             0             10,125         13,192 
 
       5           332,059,764             0                0              0 
 
       6           332,059,764             0                0              0 
 
       7           332,059,764             0                0              0 
 
       8           332,059,764             0                0              0 
 
       9           332,059,764             0                0              0 
 
      10           332,047,117             0             12,647            0 
 
      11           332,047,117             0             12,647            0 
 
      12           332,047,117             0             12,647            0 
 
      13           289,403,740             0           42,656,023          0 
 
 Extraordinary         For            Discretion         Against        Abstain 
  Resolution                       (voted in favour) 
 
      14           331,967,867             0             16,897         75,000 
 
      15           223,893,036             0           108,091,727      75,000 
 
Note - A vote withheld is not a vote in law and has not been counted in the 
votes for and against a resolution. 
 
The Extraordinary Resolutions were as follows: 
 
 
Extraordinary Resolution 14 
 
That, in substitution of all existing powers (but in addition to any power 
conferred on them by ordinary resolutions 11 and 12 above), the Directors be 
and are authorised generally and unconditionally in accordance with Article 6.7 
of the Articles to exercise all powers of the Company to issue equity 
securities (as defined in Article 6.1.1(a)) for cash as if the members' 
pre-emption rights contained in Article 6.2 of the Articles did not apply to 
any such issue pursuant to the general authority conferred on them by the 
ordinary resolutions 8 and 9 above (as varied from time to time by the Company 
in general meeting): 
 
a)    pursuant to an offer of equity securities open for acceptance for a 
period fixed by the Directors where the equity securities respectively 
attributable to the interests of holders of Ordinary Shares are proportionate 
(as nearly as may be) to the respective numbers of Ordinary Shares held by them 
but subject to such exclusions or other arrangements in connection with the 
issue as the Directors may consider necessary, appropriate or expedient to deal 
with equity securities representing fractional entitlements or to deal with 
legal or practical problems arising in any overseas territory, the requirements 
of any regulatory body or stock exchange, or any other matter whatsoever; and 
 
b)    provided that (otherwise than pursuant to sub-paragraph (a) above) this 
power shall be limited to the allotment of equity securities up to an aggregate 
nominal value equal to 10 per cent. of the total number of shares in issue in 
the Company at the date of the passing of this extraordinary resolution, and 
provided further that (i) the number of equity securities to which this power 
applies shall be reduced from time to time by the number of treasury shares 
which are sold pursuant to any power conferred on the Directors by ordinary 
resolution 10 above and (ii) no issue of equity securities shall be made under 
this power which would result in Ordinary Shares being issued at a price which 
is less than the net asset value per Ordinary Share as at the latest 
practicable date before such allotment of equity securities as determined by 
the Directors in their reasonable discretion, and such power hereby conferred 
shall expire on whichever is the earlier of: (i) the conclusion of the annual 
general meeting of the Company to be held in 2020; or (ii) the date 15 months 
after the date on which this extraordinary resolution is passed (unless 
renewed, varied or revoked by the Company prior to that date) save that the 
Company may, before such expiry, make offers or agreements which would or might 
require equity securities to be issued after such expiry and the Directors may 
issue equity securities in pursuance to such offers or agreements as if the 
authority conferred hereby had not expired. 
 
Extraordinary Resolution 15 
 
That, conditional on extraordinary resolution 14 above having been passed, in 
substitution of all existing powers (but in addition to any power conferred on 
them by ordinary resolutions 11 and 12 and in addition to and without prejudice 
to the power granted by extraordinary resolution 14 above), the Directors be 
and are authorised generally and unconditionally in accordance with Article 6.7 
of the Articles to exercise all powers of the Company to issue equity 
securities (as defined in Article 6.1.1(a)) for cash as if the members' 
pre-emption rights contained in Article 6.2 of the Articles did not apply to 
any such issue pursuant to the general authority conferred on them by the 
ordinary resolutions 8 and 9 above (as varied from time to time by the Company 
in general meeting): 
 
a)    pursuant to an offer of equity securities open for acceptance for a 
period fixed by the Directors where the equity securities respectively 
attributable to the interests of holders of Ordinary Shares are proportionate 
(as nearly as may be) to the respective numbers of Ordinary Shares held by them 
but subject to such exclusions or other arrangements in connection with the 
issue as the Directors may consider necessary, appropriate or expedient to deal 
with equity securities representing fractional entitlements or to deal with 
legal or practical problems arising in any overseas territory, the requirements 
of any regulatory body or stock exchange, or any other matter whatsoever; and 
 
b)    provided that (otherwise than pursuant to sub-paragraph (a) above) this 
power shall be limited to the allotment of equity securities up to an aggregate 
nominal value equal to 10 per cent. of the total number of shares in issue in 
the Company at the date of the passing of this extraordinary resolution, and 
provided further that no issue of equity securities shall be made under this 
power which would result in Ordinary Shares being issued at a price which is 
less than the net asset value per Ordinary Share as at the latest practicable 
date before such allotment of equity securities as determined by the Directors 
in their reasonable discretion, and such power hereby conferred shall expire on 
whichever is the earlier of: (i) the conclusion of the annual general meeting 
of the Company to be held in 2020; or (ii) the date 15 months after the date on 
which this extraordinary resolution is passed (unless renewed, varied or 
revoked by the Company prior to that date) save that the Company may, before 
such expiry, make offers or agreements which would or might require equity 
securities to be issued after such expiry and the Directors may issue equity 
securities in pursuance to such offers or agreements as if the authority 
conferred hereby had not expired. 
 
 
Enquiries: 
Northern Trust International Fund Administration Services (Guernsey) Limited 
The Company Secretary 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
 
Tel:        01481 745001 
 
END 
 
 
 
END 
 

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