TwentyFour Select Monthly Income Fund Limited is a closed-ended fixed income mutual fund launched by Numis Securities Ltd. The fund is managed by TwentyFour Asset Management LLP. It invests in fixed income markets of the United Kingdom. The fund primarily invests in less liquid instruments across the debt spectrum, including asset backed securities, bank capital, corporate loans, high yield bonds, and leveraged loans issued by a wide variety of issuers. It employs fundamental analysis with both top-down and bottom-up security selection approaches, focusing on such factors as economic fundamentals, market technicals, sentiment, valuations, and risk/stress analysis to create its portfolio. TwentyFour Select Monthly Income Fund Limited was formed on March 13, 2014 and is domiciled in Guernsey.
TwentyFour Select Monthly Income Fund Stock Up 0.1 %
SMIF Stock opened at GBX 80.59 ($0.97) on Thursday. The company has a market capitalization of £170.50 million and a price-to-earnings ratio of 8,050.00. TwentyFour Select Monthly Income Fund has a 12 month low of GBX 75.40 ($0.91) and a 12 month high of GBX 108 ($1.30). The firm has a 50 day moving average of GBX 79.30 and a two-hundred day moving average of GBX 85.25.
TwentyFour Select Monthly Income Fund Announces Dividend
The firm also recently announced a dividend, which will be paid on Friday, September 2nd. Shareholders of record on Thursday, August 18th will be given a GBX 0.50 ($0.01) dividend. This represents a yield of 0.62%. The ex-dividend date of this dividend is Thursday, August 18th. TwentyFour Select Monthly Income Fund's dividend payout ratio is 652.32%.