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The latest update is out from TwentyFour Income Fund Ltd GBP ( (GB:TFIF) ).
TwentyFour Income Fund Limited has issued 1,000,000 new ordinary shares at 114.31 pence each under its blocklisting facility, raising £1.14 million before costs to meet investor demand and deploy additional capital in line with its investment policy. The transaction increases the company’s issued share capital to 833,605,296 ordinary shares, slightly diluting existing holdings but providing fresh funds to expand its portfolio of higher-yielding asset-backed securities, which may support future income generation and reinforce its position in the specialist credit investment market.
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, primarily through income distributions, by investing in a diversified portfolio of less liquid, higher-yielding asset-backed securities across the UK, Europe, the US and Australia.
Average Trading Volume: 1,633,080
Technical Sentiment Signal: Buy
See more insights into TFIF stock on TipRanks’ Stock Analysis page.