REG-TwentyFour Select Monthly Income Fund: Dividend Declaration

Twentyfour Select Monthly Income FundAnnouncement

10/04/2025 13:45

10 April 2025

 

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 ("SMIF"), the
listed, closed-ended investment company that invests in a diversified
portfolio of credit securities, have declared that a dividend of 0.5 pence per
share will be paid, in line with the Prospectus, representing the regular
monthly targeted dividend for the financial period ended 31 March 2025 and an
additional dividend of 0.25 pence per share will be paid as follows:

 

Ex-Dividend Date 17 April 2025

Record Date  22 April 2025

Payment Date  6 May 2025

Dividend per Share  0.75 pence (Sterling)

 

Given the ongoing interest rate environment and volatility in the global
markets, the Directors have given careful consideration to the Company's
projected income for the year balanced against their assessment of risks
currently affecting the markets and those 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 2025 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 2025.

 

The Directors will continue to monitor the position during the remainder of
the year ending 30 September 2025 and, where possible to do so, will provide
appropriate updates on dividend expectations.

 

For further information, please contact:

 

Deutsche Numis:

 

George Shiel   +44 (0)20 7260 1000

Hugh Jonathan

 

TwentyFour Select Monthly Income Fund Limited:

 

Alistair Wilson  +44 (0)20 7015 8900

 

 

About SMIF:

SMIF is a London listed closed-ended investment company designed to take
advantage of the premium returns available from "less liquid" instruments
across the debt spectrum.

Visit the SMIF website at www.selectmonthlyincomefund.com for more
information.

 

 



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