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Twentyfour Income Fund Limited (TFIF)
Twentyfour Income Fund Limited (TFIF) Share Price

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Twentyfour Income Fund Limited	LSE:TFIF	London	Ordinary Share	GG00B90J5Z95	ORD RED 1P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	0.20	0.2%	101.40	1,005,297	16:35:04

Bid Price		Offer Price	High Price	Low Price	Open Price
101.20		101.80	101.80	101.20	101.20

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Finance Services	45.40	36.30	5.10	16.87	648.90

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
16:55:56	O	969	101.405	GBX

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Twentyfour Income (TFIF) Latest News

Twentyfour Income News

Date	Time	Source	Headline
05/6/2023	18:19	UKREG	TwentyFour Income Fund Net Asset Value(s)
05/6/2023	09:48	UKREG	TwentyFour Income Fund Holding(s) in Company
02/6/2023	07:00	UKREG	TwentyFour Income Fund Net Asset Value(s)
01/6/2023	16:11	UKREG	TwentyFour Income Fund Issue of Shares
01/6/2023	14:46	UKREG	TwentyFour Income Fund Holding(s) in Company
31/5/2023	17:35	UKREG	TwentyFour Income Fund Issue of Shares
31/5/2023	14:52	UKREG	TwentyFour Income Fund Net Asset Value(s)
25/5/2023	16:55	UKREG	TwentyFour Income Fund Issue of Shares
22/5/2023	18:01	UKREG	TwentyFour Inc Fd Net Asset Value(s)
18/5/2023	17:02	UKREG	TwentyFour Income Fund Issue of Shares

More Twentyfour Income News

Twentyfour Income Investors Twentyfour Income Takeover Rumours

Twentyfour Income (TFIF) Discussions and Chat

Twentyfour Income Forums and Chat

Date	Time	Title	Posts
25/5/2023	08:31	Twenty Four Income Fund	204

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Twentyfour Income (TFIF) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
15:55:57	101.41	969	982.61	O
15:35:04	101.40	72,328	73,340.59	UT
15:29:56	101.20	2,400	2,428.80	AT
15:29:56	101.20	10	10.12	AT
15:29:46	101.80	1	1.02	O

View all Twentyfour Income trades in real-time

Twentyfour Income (TFIF) Top Chat Posts

Top Posts
Posted at 23/5/2023 15:08 by cerrito I too had never heard of TFIF until I read about it on the Fixed Income Board. I see it trades at a premium to the double digit discount at FAIR and VTA with what appears to be a roughly similar dividend to VTA and lower than FAIR so must be a different animal. Need to do some work. Read Full Thread Follow Reply
Posted at 23/5/2023 10:50 by mcunliffe1 Hello all, Found this board via the Fixed Income Discussion. Thankyou, as TFIF look like the kind of investment I'm after. I'll keep an eye on the share price via my ii SIPP throughout the day but I see that this is not a particularly volatile stock. One aspect worrying me though is the lack of overall share price growth when compared to the current inflation rate even with the 9+% yield. However, it's a better bet than leaving the cash in my SIPP even though ii pay interest on such. I'm so thankful that you lot point me towards these hitherto unknown possible investments. Mike Read Full Thread Follow Reply
Posted at 18/5/2023 12:26 by my retirement fund Let me get this clear, I can tender all my shares in the recent corporate action for less than the current market price? Read Full Thread Follow Reply
Posted at 08/3/2023 13:33 by stun12 A couple of news items I hadn't spotted. NAV is catching up, last seen at 100.39p. The dividend is now set at 2p per quarter (plus an unknown extra at the final in April). TFIF has sold all the Treasury shares and is now issuing them out of its block listing of up to 50m shares. Read Full Thread Follow Reply
Posted at 26/1/2023 16:11 by cwa1 TwentyFour Income Fund Limited (LSE: TFIF) is pleased to announce that, to satisfy market demand and to raise money for investment in accordance with the Company’s investment policy, 1,000,000 ordinary shares of 1 pence each in the capital of the Company were today issued from its holding in Treasury at a price of 98.80 pence per share raising £988,000 (before costs and expenses). Following the issue, the Company will hold 11,100,000 ordinary shares in Treasury and the issued share capital will comprise 703,536,661 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules. Read Full Thread Follow Reply
Posted at 12/1/2023 16:03 by stun12 Not that we really care about day-to-day movements, but just sold a losing position for my son's LISA in PSN, after today's bounce, and bought TFIF. 99.30, so there is plenty of stock available within the spread. Now have a few of these. Read Full Thread Follow Reply
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" Read Full Thread Follow Reply
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 Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
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. Read Full Thread Follow Reply

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