Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest announcement is out from TwentyFour Income Fund Ltd GBP ( (GB:TFIF) ).
TwentyFour Income Fund Limited has issued 4,000,000 new ordinary shares at 106.19 pence each under its blocklisting facility, raising £4.25 million before costs to meet market demand and deploy additional capital in line with its existing investment policy. Following this transaction, the company’s issued share capital rises to 869,205,296 ordinary shares, a new reference point for shareholders’ disclosure calculations under FCA transparency rules.
The fund also corrected a previous disclosure relating to a 22 April 2026 share issue, clarifying that the £5.53 million figure was the gross proceeds before costs rather than the lower net consideration initially quoted. The clarification ensures greater transparency for investors on capital raising activity and underlines the continued investor appetite for the fund’s asset-backed securities strategy, which may support its scale and liquidity in the FTSE 250 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, 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, targeting investors seeking exposure to structured credit markets.
Average Trading Volume: 2,739,823
Technical Sentiment Signal: Strong Buy
See more data about TFIF stock on TipRanks’ Stock Analysis page.