Investment Trusts

TwentyFour Select Monthly Income Ord

SMIF:LSE

TwentyFour Select Monthly Income Ord

  • Price (GBX)82.80
  • Today's Change0.20 / 0.24%
  • Shares traded412.62k
  • 1 Year change15.48%
  • Beta0.6318
Data delayed at least 20 minutes, as of May 10 2024 16:35 BST.
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Profile data is unavailable for this security.

About the company

TwentyFour Select Monthly Income Fund Limited is a Guernsey-based closed-ended investment company. The Company’s investment objective is to generate attractive risk-adjusted returns, principally through income distributions. The Company’s investment policy is to invest in a diversified portfolio of credit securities. Its portfolio is comprised of any category of credit security, including, without prejudice to the generality of the foregoing, bank capital, corporate bonds, high yield bonds, leveraged loans, payment-in-kind notes and asset-backed securities and includes securities of a less liquid nature. It maintains a portfolio diversified by issuer and comprises at least 50 credit securities. No more than 5% of the portfolio value will be invested in any single credit security or issuer of credit securities, tested at the time of making or adding to an investment in the relevant credit security. Its alternative investment fund manager is Maitland Institutional Services Limited.

  • Revenue in GBP (TTM)29.13m
  • Net income in GBP26.94m
  • Incorporated2014
  • Employees0.00
  • Location
    TwentyFour Select Monthly Income OrdTrafalgar Court, Les BanquesPO Box 255SAINT PETER PORT GY1 3QLGuernseyGGY
  • Phone+44 1 481745001
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Profile

Management group(s)TwentyFour Asset Management LLP
AIC sectorDebt - Loans & Bonds
ISINGG00BJVDZ946
Launch date10 Mar 2014
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The Fund will actively invest in a diversified portfolio of fixed income credit securities that exhibit an illiquidity premium, and which the Portfolio Managers believe represent attractive relative value. These securities will include (but are not limited to): corporate bonds, asset-backed securities, high yield bonds, bank capital, Additional Tier 1 securities, payment-in-kind notes and leveraged loans. Uninvested cash or surplus capital or assets may be invested on a temporary basis in cash and/or a range of assets including money market instruments and government bonds. The Fund may also use derivatives. This is only a summary; details of the Fund’s investment policy, including investment restrictions, are set out more fully in the Prospectus. Typical investors for whom these Ordinary Shares are intended are professional investors or professionally advised retail investors who are principally seeking monthly income from a portfolio of credit securities.

Managed by

Gary Kirk, Eoin Walsh, Felipe Villarroel, Mark Holman, Pierre Beniguel, David Norris, Charlene Malik, George Curtis

Management & contract fees

Investment management fee of 0.75% of lower of market cap and NAV. The Investment Management Agreement may be terminated by either party giving not less than 12 months notice.

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
Digital 9 Infrastructure PLC-220.57m-237.33m193.80m0.00193.80m0.00
Fair Oaks Income Ltd25.64m24.74m199.79m0.00199.79m0.00
Schroder Income Growth Fund PLC-5.88m-9.23m200.64m0.00200.64m0.00
Odyssean Investment Trust PLC8.37m5.71m202.52m0.00202.52m0.00
TwentyFour Select Monthly Income Fnd Ltd29.13m26.94m203.96m0.00203.96m0.00
Schroder UK Mid Cap Fund PLC36.18m33.17m204.72m0.00204.72m0.00
Ecofin Glbl Utlits and Infrstrc Trst PLC-14.42m-20.26m206.84m0.00206.84m0.00
Baronsmead Venture Trust PLC-942.00k-5.14m206.96m0.00206.96m0.00
Ecora Resources PLC49.44m676.47k209.55m14.00209.55m14.00
Jpmorgan China Growth & Income PLC-36.89m-43.13m212.17m0.00212.17m0.00
Foresight VCT Plc22.78m16.48m212.84m0.00212.84m0.00
Pembroke VCT PLC-2.04m-7.41m215.15m0.00215.15m0.00
INVESCO Asia Trust plc26.00m21.45m215.52m0.00215.52m0.00
Fidelity Japan Trust PLC30.25m27.70m215.93m0.00215.93m0.00
CVC Income & Growth Ltd44.83m27.30m216.07m0.00216.07m0.00
Blackstone Loan Financing Ltd52.55m51.05m217.05m0.00217.05m0.00
Data as of May 10 2024. Currency figures normalised to TwentyFour Select Monthly Income Ord's reporting currency: UK Pound GBX
Data Provided by LSEG
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