TwentyFour Select Monthly Income Fund - Dividend Announcement
11 April 2024 - 11:20PM
UK Regulatory
TwentyFour Select Monthly Income Fund -
Dividend Announcement
PR Newswire
LONDON, United Kingdom, April 11
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
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