Twentyfour Income Dividends - TFIF

Twentyfour Income Dividends - TFIF

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Stock Name Stock Symbol Market Stock Type
Twentyfour Income Fund Limited TFIF London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-0.40 -0.41% 96.40 16:29:55
Open Price Low Price High Price Close Price Previous Close
96.80 96.20 97.40 96.40 96.80
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Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Twentyfour Income TFIF Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
14/07/2022InterimGBX2.2702/03/202230/06/202221/07/202222/07/202205/08/20220
12/04/2022InterimGBX2.2731/03/202131/03/202221/04/202222/04/202206/05/20226.77
13/01/2022InterimGBX1.531/08/202131/12/202120/01/202221/01/202204/02/20220
14/10/2021InterimGBX1.530/05/202130/09/202121/10/202122/10/202105/11/20210
08/07/2021InterimGBX1.502/03/202130/06/202115/07/202116/07/202130/07/20210
13/04/2021InterimGBX1.501/12/202031/03/202122/04/202123/04/202107/05/20216
14/01/2021InterimGBX1.531/08/202031/12/202021/01/202122/01/202105/02/20210
08/10/2020InterimGBX1.530/05/202030/09/202015/10/202016/10/202030/10/20200
09/07/2020InterimGBX1.501/03/202030/06/202016/07/202017/07/202031/07/20200
07/04/2020InterimGBX1.901/12/201931/03/202016/04/202017/04/202030/04/20206.4
09/01/2020InterimGBX1.531/08/201931/12/201916/01/202017/01/202031/01/20200
10/10/2019InterimGBX1.530/05/201930/09/201917/10/201918/10/201931/10/20190
11/07/2019InterimGBX1.502/03/201930/06/201918/07/201919/07/201931/07/20190
11/04/2019InterimGBX1.501/12/201831/03/201918/04/201923/04/201930/04/20196
10/01/2019InterimGBX1.531/08/201831/12/201817/01/201918/01/201931/01/20190
11/10/2018InterimGBX1.530/05/201830/09/201818/10/201819/10/201831/10/20180
12/07/2018InterimGBX1.502/03/201830/06/201819/07/201820/07/201831/07/20180
12/04/2018InterimGBX1.501/12/201731/03/201819/04/201820/04/201830/04/20186
11/01/2018InterimGBX1.531/08/201731/12/201718/01/201819/01/201831/01/20180
12/10/2017InterimGBX1.530/05/201730/09/201719/10/201720/10/201731/10/20170
13/07/2017InterimGBX1.502/03/201730/06/201720/07/201721/07/201731/07/20170
11/04/2017InterimGBX2.4901/12/201631/03/201720/04/201721/04/201728/04/20176.99
12/01/2017InterimGBX1.531/08/201631/12/201619/01/201720/01/201731/01/20170
13/10/2016InterimGBX1.530/05/201630/09/201620/10/201621/10/201631/10/20160
07/07/2016InterimGBX1.501/03/201630/06/201614/07/201615/07/201629/07/20160
29/02/2016InterimGBX1.501/12/201531/03/201603/03/201604/03/201629/04/20166
14/01/2016InterimGBX1.531/08/201531/12/201521/01/201622/01/201629/01/20160
08/10/2015InterimGBX1.530/05/201530/09/201515/10/201516/10/201530/10/20150
09/07/2015InterimGBX1.502/03/201530/06/201516/07/201517/07/201531/07/20150
09/04/2015InterimGBX1.501/12/201431/03/201516/04/201517/04/201530/04/20156
08/01/2015InterimGBX1.531/08/201431/12/201415/01/201516/01/201530/01/20150
09/10/2014InterimGBX1.530/05/201430/09/201416/10/201417/10/201431/10/20140
10/07/2014InterimGBX1.502/03/201430/06/201416/07/201418/07/201431/07/20140
10/04/2014InterimGBX1.2501/12/201331/03/201416/04/201422/04/201430/04/20145
09/01/2014InterimGBX1.2531/08/201331/12/201315/01/201417/01/201431/01/20140
03/10/2013InterimGBX1.2530/05/201330/09/201309/10/201311/10/201325/10/20130
11/07/2013InterimGBX1.2502/03/201330/06/201317/07/201319/07/201331/07/20130

Top Dividend Posts

Top Posts
Posted at 06/10/2022 14:31 by alwyncolin
Presumably this is a reaction to the sudden fall in Bonds last week although TFIF is supposed only to hold short dated instruments.
Posted at 03/10/2022 09:49 by stun12
Hi JonG. See posts 139-144 on this board. The problem is that we only have last week's NAV figure, and it will be recalculated for the tender. So if NAV is measured at 100, the tender would be at 98p. I have no idea how TFIF sets valuations on their portfolio. Many of the ABS holdings are quite obscure issues at the lower end of the ratings ladder, so all pretty illiquid.
Posted at 03/10/2022 09:33 by jong
I have just received the following corporate action for TFIF in my Halifax SD ISA account. I haven't seen any RNS news about this and no mention on here? Has anyone else had a similar notification and what are people's views on the likely redemption price assuming it is correct. I would assume NAV price on the day would be fair. "Voluntary Redemption. Opportunity to redeem your TwentyFour Income Fund Ordinary shares at a rate yet to be determined. Should you wish to accept the Offer, elections to Redeem all or part of your shares will need to be made by the Advice Date of 23:59pm on 9th October 2022. Please be aware that if you make your election by post your election must reach us by no later than 7th October 2022. Any elections received after this date will not be accepted. If you have any concerns that your election will not reach us in time, please contact us by phone prior to the deadline and we can log your election. You Have The Following Options: 1 Accept the Offer and redeem your holding. If you elect to accept the Offer, your stock will not be available for you to sell. However, the stock will show on your portfolio until the Corporate Event is finalised. Please note that if you accept the Offer and proceed to sell your stock, you may be liable to buy back costs. 2 Accept the Offer and redeem part of your holding. If you elect to accept the Offer, your stock will not be available for you to sell. However, the stock will show on your portfolio until the Corporate Event is finalised. Please note that if you accept the Offer and proceed to sell your stock, you may be liable to buy back costs"
Posted at 29/9/2022 20:12 by stun12
Thanks, FF. Own some since the UKML days. I am loosely associated with the ABS market. So no major drop in NAV, the current TFIF representing an unusual discount. UKML was almost 30% under NAV when I bought some at 55p (hit 45p at one stage, I believe, but I was way too scared).
Posted at 29/9/2022 08:26 by future financier
stun - Particularly surprising given that TFIF successfully launched a securitisation last week at the start of the current storm in the markets and so have reduced any potential impact of the current "turbulence". Maybe it is the NAV decline?
Posted at 28/9/2022 16:18 by stun12
Sentiment in the asset-backed market, especially sterling, is pretty poor. A prime UK rmbs was due this week from Yorkshire Building Society, but has been pulled. It's surprising how closely linked to micro moves in the ABS market both UKML and TFIF have been.
Posted at 21/9/2022 12:55 by ammons
Re the Telegraph article. How to secure 14pc returns – even as we head into a recession Questor investment trust bargain: this fund’s divi is in line for a boost and its assets should follow suit for a double-digit total return By Richard Evans 15 September 2022 • 6:00am For that elusive combination of high returns and low risk, Questor has tended to favour either specialist property funds or specialist bond funds. Our thinking is that the professionals who run these portfolios develop such deep understanding of their markets, and have cultivated such fruitful networks of the contacts on which successful deal-making in these areas often depends, that they can buck the normal rules of investing and unearth assets that really can deliver good returns at disproportionately low risk. Among the property funds tipped here, we would put into this category the likes of Residential Secure Income, Triple Point Social Housing and Regional Reit; for bond funds we would mention Real Estate Credit Investments, BioPharma Credit, Honeycomb – and TwentyFour Income, the portfolio we cover today. The share price chart since we first tipped the fund in 2018 at 116.5p may seem uninspiring; with the shares at 104.5p we are in the red to the tune of 10.3pc in capital terms. But this is to ignore its income – the portfolio has exceeded its dividend target of 6p a share every year since it listed in 2013. What is more, we can now expect big increases in the divi, and indeed in the fund’s net asset value and hence in all probability in the share price too, because of the way the portfolio’s assets work. There are two forces at play here. First, the managers invest in “floating̴9;rate” assets, so rises in interest rates mean more income for the fund. The second is more complex. The market value of many of its assets has fallen in recent months as investors more generally have sold bonds in response to the rise in inflation. But TwentyFour Income’s managers tend to hold their investments until they mature – which of course they do at “par” value, or the amount originally lent when the bonds were issued. As the maturity date approaches (and the fund’s assets are about three years from maturity on average), the market price naturally tends to rise back up to the par level at which investors will be repaid. And, when the money from matured bonds is reinvested, it will generate higher interest rates if used to buy other bonds at depressed prices. None of this, obviously, would hold water if the more perilous economic times we are entering led to a spate of defaults among the fund’s bond holdings. But this is where that specialisation on the managers’ part we referred to above comes into its own. Such is their skill at assessing the creditworthiness of those they lend to (and mortgage borrowers in Britain and Europe, via “mortgage̴9;backed bonds”, account for about 60pc by value) that the fund has never suffered a default. “TwentyFour Income has never held an investment that has defaulted, nor has it ever held a position that has subsequently defaulted after it owned it,” said Numis, the broker, last month. “There are no credit‑impaired positions in the portfolio and bonds have been underwritten against adverse scenarios more severe than the global financial crisis.” Let’s return to the rising income we can expect thanks to increases in interest rates. “We expect the [fund’s] dividends for the current year to be substantially higher than the prior year given the rise in base rates,” Numis said. “We see scope for a dividend of 8.6p‑9p, equivalent to an 8.3pc‑8.7pc dividend yield on the share price [almost unchanged since its note], based only on the change in market expectations for UK interest rates. This is assuming there is no benefit from reinvesting any [bond repayments] at the current attractive [rates].” But the broker said it could see scope for “an even higher dividend” as more of the portfolio’s bonds matured and the proceeds were reinvested at better rates. For the year to March 2024 “we could see scope for a dividend of about 10p”, it said, although it said “a lot could change between then and now”. But we also need to consider the potential for capital gains as the prices of its bonds drift upwards towards par value as maturity approaches. Adding together the yield and these likely capital gains, Numis said “total returns in the medium term should be closer to … about 14pc [a year]”. Fourteen per cent from a bond portfolio that has never suffered a default is a very attractive proposition. Buy. Questor says: buy Tickers: TFIF Share prices at close: 104.5p
Posted at 21/9/2022 12:42 by return_of_the_apeman
7p plus any excess returns The Company recently announced (11 August 2022) the Mark-to-Market yield and Forward Yield to Maturity of its portfolio at 13.0% and 14.9% respectively. Given the strong cash flows, being generated by TFIF's investments, where the purchase yield of the portfolio has increased by 2.14% to 10.11% over the last nine months - an incremental pick-up of almost 50bps compared to the 1.65% increase in base rates in the same time - the Company is increasing its minimum annual dividend to 7p per share through the payment of three quarterly dividends of 1.75p per share and a final dividend of 1.75p per share plus any excess returns in respect of a financial year.
Posted at 21/9/2022 07:34 by cwa1
Nice work:- Increase in minimum annual dividend to 7p (from 6p) per Ordinary Share The Board of Directors of TwentyFour Income Fund ("TFIF" or the "Company") is pleased to announce its plan to increase minimum dividend payments above its annual target. The Company will increase minimum annual dividends from 6p to 7p per share with minimum quarterly dividends increasing from 1.5p to 1.75p per share beginning in respect of quarter end 30 September 2022. The Company will continue to distribute all its annual net income to shareholders through a final balancing dividend.
Posted at 15/9/2022 18:41 by petercarley
Sorry if I'm sounding a bit of a "Thicky" but can somebody in words of one syllable explain the “Ins and Outs” of this offer. I've a small batch of TFIF shares and have been happy with the yield so can see no benefit in taking up the offer. What am I missing? Pete e
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