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TwentyFour Income Fund Ltd GBP ( (GB:TFIF) ) just unveiled an update.
TwentyFour Income Fund Limited has issued 4.1 million new ordinary shares at 113.13 pence per share under its blocklisting facility, raising approximately £4.64 million before costs to fund further investments in line with its existing investment policy. The issuance, undertaken to meet strong market demand, increases the company’s total issued share capital to 844,205,296 ordinary shares, providing additional capital for deploying into asset-backed securities while also adjusting the base against which shareholders calculate disclosure thresholds under UK 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, by investing in a diversified portfolio of higher-yielding, less liquid asset-backed securities across the UK, Europe, the US and Australia.
Average Trading Volume: 1,739,825
Technical Sentiment Signal: Buy
Learn more about TFIF stock on TipRanks’ Stock Analysis page.