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TwentyFour Income Fund Ltd GBP ( (GB:TFIF) ) has issued an update.
TwentyFour Income Fund Limited has issued 1,000,000 new ordinary shares of 1 pence each at 112.455 pence per share, raising approximately £1.12 million before costs to meet investor demand and deploy additional capital in line with its existing investment policy. Following this issuance under its blocklisting facility, the company’s total issued share capital increases to 850,205,296 ordinary shares, a new reference point for shareholders’ disclosure calculations under FCA transparency rules.
More about TwentyFour Income Fund Ltd GBP
TwentyFour Income Fund Limited is a FTSE 250 listed investment company that focuses on generating attractive risk-adjusted returns, mainly through income distributions. It invests in a diversified portfolio of less liquid, higher-yielding asset-backed securities across the UK, Europe, the US and Australia, giving investors exposure to structured credit markets.
Average Trading Volume: 1,895,501
Technical Sentiment Signal: Buy
For a thorough assessment of TFIF stock, go to TipRanks’ Stock Analysis page.