REG-TwentyFour Select Monthly Income Fund: Dividend Announcement

Twentyfour Select Monthly Income FundAnnouncement

11/04/2024 14:30

11 April 2024

 

TwentyFour Select Monthly Income Fund Limited

 

(a non-cellular company limited by shares incorporated in the Island of
Guernsey under the Companies (Guernsey) Law 2008, as amended, with registered
number 57985 and registered as a Registered Closed-ended Collective Investment
Scheme with the Guernsey Financial Services Commission. LEI:
549300P9Q5O2B3RDNF78)

 

 

Re: Dividend Announcement

 

 

The Directors of TwentyFour Select Monthly Income Fund Limited have declared
that a dividend of 0.5 pence per share will be payable, in line with the
Prospectus, representing the regular monthly targeted dividend for the
financial period ended 31 March 2024 and an additional dividend of 0.25 pence
will be paid as follows:

 

Ex-Dividend Date 18 April 2024

Record Date  19 April 2024

Payment Date  3 May 2024

Dividend per Share  0.75 pence (Sterling)

 

Given the ongoing interest rate environment the Directors have given careful
consideration to the Company's projected income for the year balanced against
their assessment of risks inherent in achieving its target dividend payment of
6 pence per share per annum.  Based on this analysis the Directors believe
that dividends payable in respect of the year ending 30 September 2024 are
likely to be in excess of 6.5 pence per share, and consequently believe it is
appropriate to pay an additional 0.25 pence per share, in addition to its
regular monthly targeted dividend of 0.5 pence per share, for the period ended
31 March 2024.

 

The Directors will continue to monitor the position during the remainder of
the year ending 30 September 2024 and, where possible to do so, will provide
appropriate updates on dividend expectations.

 

For further information, please contact:

 

Deutsche Numis Limited:

 

George Shiel   +44 (0)20 7260 1000

Hugh Jonathan

 

TwentyFour Select Monthly Income Fund Limited:

 

John Magrath   +44 (0)20 7015 8900

Alistair Wilson

 



Copyright (c) 2024 PR Newswire Association,LLC. All Rights Reserved