TwentyFour Inc Fd Issue of Equity

 
TIDMTFIF 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR 
INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, 
THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, JAPAN OR ANY 
JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. 
 
This announcement does not constitute or form part of, and should not be 
construed as, any offer for sale or subscription of, or solicitation of any 
offer to buy or subscribe for, any shares in TwentyFour Income Limited or 
securities in any other entity, in any jurisdiction, including the United 
States, nor shall it, or any part of it, or the fact of its distribution, form 
the basis of, or be relied on in connection with, any contract or investment 
decision whatsoever, in any jurisdiction. This announcement does not constitute 
a recommendation regarding any securities. 
 
24 January 2017 
 
                        TwentyFour 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 56128 and registered as a Registered Closed-ended Collective Investment 
            Scheme with the Guernsey Financial Services Commission) 
 
                                Issue of equity 
 
The board of TwentyFour Income Fund Limited (the "Company") announces that it 
has today issued for cash under the Placing Programme (as described in the 
Company's Prospectus, dated 29 January 2016) 39,000,000 new ordinary redeemable 
shares of 1p each in the capital of the Company (the "Shares") at a price of 
110.47p equivalent to the net asset value ("NAV") per Share as published on 
Monday, 23 January 2017. 
 
The Shares will be immediately repurchased by the Company, at the same prices 
(being the latest published NAV per share), to be held in treasury. 
 
The Shares held in treasury will be available to be sold to meet ongoing market 
demand. These shares will be issued at a premium to the then prevailing NAV per 
share. 
 
As a result of this issue of equity, the Company's issued share capital will 
consist of 432,314,151 ordinary shares of which 39,000,000 ordinary redeemable 
shares of 1p each are held in treasury. 
 
It is expected that dealings in the Shares will commence at 8.00 a.m. on 26 
January 2017. 
 
For further information, please contact: 
 
Numis Securities Limited                                  [phone] 
Chris Gook (Sales) 
Hugh Jonathan (Corporate Broking & 
Advisory) 
Nathan Brown (Corporate Broking & 
Advisory) 
 
TwentyFour Income Fund Limited                            [phone] 
John Magrath 
Alistair Wilson 
 
Important Information 
 
This announcement has been prepared by, and is the sole responsibility of, 
TwentyFour Income Fund Limited (the "Company"). This announcement has been 
prepared for information purposes only, it is not a prospectus. 
 
Numis Securities Limited is acting only for the Company in connection with the 
matters described in this announcement and is not acting for or advising any 
other person, or treating any other person as its client, in relation thereto 
and will not be responsible for providing the regulatory protection afforded to 
clients of Numis Securities Limited or advice to any other person in relation 
to the matters contained herein. 
 
The Company is not and will not be registered under the US Investment Company 
Act of 1940, as amended (the "Investment Company Act") and investors will not 
be entitled to the benefits of the Investment Company Act. The Shares have not 
been, nor will they be, registered under the US Securities Act of 1933, as 
amended (the "Securities Act") or with any securities regulatory authority of 
any state or other jurisdiction of the United States or under the applicable 
securities laws of Australia, Canada, Japan, the Republic of Ireland or the 
Republic of South Africa or any other jurisdiction that is a member state of 
the European Economic Area (other than the United Kingdom). Subject to certain 
exceptions, the Shares may not be offered or sold in the United States, 
Australia, Canada, Japan, the Republic of Ireland or the Republic of South 
Africa or any other jurisdiction that is a member state of the European 
Economic Area (other than the United Kingdom) or to or for the account or 
benefit of any national, resident or citizen of any member state of the 
European Economic Area (other than the United Kingdom), Australia, Canada, 
Japan, the Republic of Ireland or the Republic of South Africa or any person 
located in the United States. The issue of Shares and the distribution of this 
announcement in other jurisdictions may be restricted by law and the persons 
into whose possession this announcement comes should inform themselves about, 
and observe, any such restrictions. 
 
This announcement includes "forward-looking statements". All statements other 
than statements of historical facts included in this announcement, including, 
without limitation, those regarding the Company's business strategy and plans 
are forward-looking statements. Forward-looking statements are subject to risks 
and uncertainties and accordingly the Company's actual future financial results 
and operational performance may differ materially from the results and 
performance expressed in, or implied by, the statements. These forward-looking 
statements speak only as at the date of this announcement. The Company 
expressly disclaims any obligation or undertaking to update or revise any 
forward-looking statements contained herein to reflect actual results or any 
change in the assumptions, conditions or circumstances on which any such 
statements are based unless required to do so by the Financial Services and 
Markets Act 2000, the Financial Services Act 2012, the Listing Rules or 
Prospectus Rules of the Financial Conduct Authority or other applicable laws, 
regulations or rules. 
 
 
 
END 
 

(END) Dow Jones Newswires

January 24, 2017 06:59 ET (11:59 GMT)