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TwentyFour Income Fund Ltd GBP ( (GB:TFIF) ) just unveiled an update.
TwentyFour Income Fund Limited has applied to the London Stock Exchange for a block listing of 100,000,000 additional ordinary shares of 1 pence each, to be admitted to the FCA’s Official List and to trading on the LSE Main Market. Shares issued under this block listing will be used to meet investor demand that cannot be satisfied in the secondary market, with proceeds deployed in line with the fund’s existing investment policy.
The block listing, expected to become effective on 28 April 2026, gives the company additional capacity to raise capital efficiently as and when investor demand arises. This flexibility should support further growth in the fund’s assets, reinforce its positioning in the FTSE 250 closed‑ended funds segment, and potentially enhance liquidity for stakeholders in the company’s ordinary shares.
More about TwentyFour Income Fund Ltd GBP
TwentyFour Income Fund Limited is a FTSE 250 listed closed‑ended investment company that seeks to generate attractive risk‑adjusted returns, primarily 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: 2,771,187
Technical Sentiment Signal: Buy
For a thorough assessment of TFIF stock, go to TipRanks’ Stock Analysis page.