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An announcement from TwentyFour Income Fund Ltd GBP ( (GB:TFIF) ) is now available.
TwentyFour Income Fund Limited has issued 3,000,000 new ordinary shares of 1 pence each at 114.31 pence per share via its blocklisting facility, raising £3.43 million before costs to meet market demand and deploy additional capital in line with its investment policy. Following this equity issue, the company’s share capital increases to 832,605,296 ordinary shares, a new base figure for investors’ regulatory disclosure calculations and a move that modestly expands the fund’s capacity to invest in higher-yielding UK and European asset-backed securities.
More about TwentyFour Income Fund Ltd GBP
TwentyFour Income Fund Limited is a FTSE 250-listed investment company that targets less liquid, higher-yielding UK and European asset-backed securities. The fund seeks to generate attractive risk-adjusted returns, primarily through income distributions, by investing in a diversified portfolio of such securities for income-focused investors.
Average Trading Volume: 1,603,278
Learn more about TFIF stock on TipRanks’ Stock Analysis page.