TwentyFour Income Fund Limited is a closed-ended fixed income mutual fund launched by Numis Securities Limited. The fund is managed by TwentyFour Asset Management LLP. It invests in the fixed income markets of Europe. The fund primarily invests in asset backed securities. It seeks to invest in securities across the maturity spectrum. The fund employs fundamental analysis with both top-down and bottom-up security selection approaches, focusing on such factors as market technicals, sentiment, valuations, risk/stress analysis, pre-sale reports, investment banking research, historical information/reporting, manager evaluation, and site visits to create its portfolio. TwentyFour Income Fund Limited was formed on March 6, 2013 and is domiciled in Guernsey.
TwentyFour Income Fund Stock Performance
LON:TFIF remained flat at GBX 104 ($1.26) during trading hours on Friday. 671,265 shares of the company's stock traded hands, compared to its average volume of 1,001,124. The business's fifty day simple moving average is GBX 102.55 and its 200 day simple moving average is GBX 107.13. TwentyFour Income Fund has a 52 week low of GBX 98 ($1.18) and a 52 week high of GBX 117 ($1.41). The firm has a market capitalization of £664.50 million and a price-to-earnings ratio of 1,485.71.
TwentyFour Income Fund Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, August 5th. Shareholders of record on Thursday, July 21st were paid a dividend of GBX 1.50 ($0.02) per share. This represents a yield of 1.5%. The ex-dividend date was Thursday, July 21st. TwentyFour Income Fund's dividend payout ratio (DPR) is currently 91.57%.