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The latest update is out from TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs ( (GB:SMIF) ).
TwentyFour Select Monthly Income Fund Limited has issued 1.6 million new ordinary shares at 87.90 pence per share, raising £1.41 million before costs to meet market demand and deploy additional capital in line with its investment policy. The issuance, carried out under an existing block listing, increases the company’s share capital to 348,439,197 ordinary shares, modestly expanding its investable base and potentially enhancing liquidity for shareholders while reinforcing its presence in the listed credit fund sector.
More about TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs
TwentyFour Select Monthly Income Fund Limited is a London-listed, closed-ended investment company that invests in a diversified portfolio of credit securities. The fund is designed to capture premium returns from less liquid instruments across the debt spectrum, targeting income-focused investors seeking exposure to credit markets.
Average Trading Volume: 1,141,401
Technical Sentiment Signal: Buy
For detailed information about SMIF stock, go to TipRanks’ Stock Analysis page.