REG-TwentyFour Select Monthly Income Fund: Dividend Declaration

Twentyfour Select Monthly Income FundAnnouncement

09/10/2025 15:15

9 October 2025

TwentyFour Select Monthly Income Fund Limited

 TwentyFour Select Monthly Income Fund Limited announces target beating Full
Year dividend

 

TwentyFour Select Monthly Income Fund Limited ("SMIF" or "the Company"), the
listed, closed-ended investment company that invests in a diversified
portfolio of credit securities, has today announced a final dividend for the
year ended 30 September 2025 of 1.302076 pence per Ordinary Share, taking the
total for the year to 7.302076 pence per Ordinary Share, payable as follows:

Ex Dividend Date 16 October 2025

Record Date  17 October 2025

Payment Date  31 October 2025

Dividend per Share 1.302076 pence per Ordinary Share (Sterling)

 

Commenting on the Company's dividend performance, Ashley Paxton, Chair of
SMIF, said: "The Directors are delighted to announce a final balancing
dividend of 1.302076  pence per Ordinary Share, taking the total dividends
proposed for the year to 30 September 2025 to 7.302076 pence per Ordinary
Share.

"The Company has beaten its target dividend every year since launch eleven
years ago. It is also the third consecutive year where proposed dividends have
exceeded 7.3 pence per share. This is reflective of ongoing attractive yields
generally available in the market, and is testament to the expertise and
active management of TwentyFour Asset Management LLP (`TwentyFour').

"As well as its strong performance, the Company continues to trade at a
premium and has grown significantly over the course of the year.  Due to the
availability of accretive assets for purchase, and because of shareholder
demand, the Company was able to issue over 54 million new Ordinary Shares
during the year, at a premium of 2% (prior to issue costs) to the NAV at issue
date.

George Curtis, Portfolio Manager, TwentyFour, said: "SMIF's portfolio is
well-positioned to navigate continued market uncertainty and to take advantage
of the spread tightening and attractive yields on offer. We continue to be
overweight financials and Asset-Backed Securities in Europe and the UK with a
bias towards shorter-term maturities, affording us flexibility in the
portfolio.

"With the new issue market being very active again after the usual summer slow
down, there are ample investment opportunities to take advantage of."

ENDS

For further information please contact:

 

TwentyFour Select Monthly Income Fund Limited 

Alistair Wilson        Tel: +44 (0)20 7015
8900             

Deutsche Numis

Hugh Jonathan / George Shiel      Tel: +44 (0)20 7260 1000

    

JPES Partners        

Charlotte Walsh / Chris Flame      Tel: +44 (0)20 7520 7620

 

The Company's LEI is 549300P9Q5O2B3RDNF78.

 

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.

       

 



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