Twentyfour Select Monthl... Share Discussion Threads

[lord gnome] 14/10/2023 09:56

Yes Taylor. I moved my accounts to ii several years ago. Mostly ok, but Barclays managed to lose my largest holding and I had trouble getting them to believe me when I complained. I was paid a token amount in compensation. Barclays once had all my business but when they introduced their Master Investor (sic, whatever ) product they went from best to worst overnight.?

[tayle] 14/10/2023 09:40

Thank you for replies. It's much as I thought really, I directly asked are they making interest on my money, to which they denied. As interest rates are increasing most dividend payments are received later ! Has anyone ever transferred their ISA from Barclays to another supplier?

[jaf111] 13/10/2023 19:13

II also invariably pay promptly…..

[smidge21] 13/10/2023 18:50

HL and AJB both paid on 6th and SMIF paid out on 6th. Current overnight rates incentivise late payment. Ask for interest

[tayle] 13/10/2023 18:43

Is there any reason why my stockbroker (bank) still haven't paid this dividend yet when others received theirs a week ago. They're always waiting to receive funds from the Custodians ? Do other brokers pay clients dividends before they receive the money ?

[nerja] 12/10/2023 21:27

Got mine on the 6th Oct .

[tayle] 12/10/2023 20:57

Have investors received the most recent dividend payment ? Usually paid to my account ding done on the bell. However, recently this and other dividend payments stretched out, still paid within 10 days. Is someone else benefitting interest wise by paying late ?

[marktime1231] 12/10/2023 16:09

Wow, so let's have a return to trading at a premium then. A double-edged sword though, it will mean a hefty ex-div drop.

[nerja] 12/10/2023 14:57

Only just noticed that well pleased, couple of 5k top ups in Sipp and isa for that

[scburbs] 12/10/2023 14:17

1.87p Final Dividend. Impressive, better than I thought it would be.

Yield almost 10% based on 7.37p dividends over the year.

[marktime1231] 21/9/2023 12:31

SMIF in a good place running up to a final dividend of more than 1.5p we have the BoE putting underlying NAV into recovery.

[uapatel] 14/9/2023 15:02

NICE - End of year bonus +1p

Re: Dividend Announcement

The Directors of TwentyFour Select Monthly Income Fund Limited have declared
that a dividend will be payable, in line with the Prospectus, representing the
regular monthly targeted dividend for the financial period ending 31 August 2023
as follows:

Ex-Dividend Date21 September 2023

Record Date22 September 2023

Payment Date6 October 2023

Dividend per Share 0.50 pence (Sterling)

The Directors expect to declare a dividend in excess of 7 pence per share for
the financial year ending 30 September 2023.

[spangle93] 09/8/2023 07:19

Pretty close to an ISA's worth of share purchases for a NED yesterday

[cc2014] 14/7/2023 08:36

#254

Personally I wouldn't be too concerned about the managers leaving with regard to SMIF. It's not hard to understand this type of fixed interest. It's not specialised.

If you are in TFIF it might be a concern. That's more specialised.


For the record I hold neither.

[cwa1] 13/7/2023 12:02

Re: Dividend Announcement

The Directors of TwentyFour Select Monthly Income Fund Limited have declared
that a dividend will be payable, in line with the Prospectus, representing the
regular monthly targeted dividend for the financial period ending 30 June 2023
as follows:

Ex-Dividend Date 20 July 2023

Record Date 21 July 2023

Payment Date 4 August 2023

Dividend per Share 0.50 pence (Sterling)

[dlp6666] 15/6/2023 08:38

I see that founder-managers are retiring:

hxxps://citywire.com/investment-trust-insider/news/twentyfour-co-founders-ford-and-kirk-to-retire/a2419378

Should we be concerned (e.g. time to sell out)?

[marktime1231] 13/6/2023 16:19

A final of 1.5p would be very nice indeed.

[cwa1] 13/6/2023 15:28

Dividend Policy

The Board believes that the monthly dividend will be a minimum of 0.5p per
Ordinary Share. The Board intends within the final interim dividend of each
financial year to distribute an amount equal to the value of any net income of
the Company for that financial year remaining after payment of the monthly
dividends.

The dividends declared for the period totalled 3p per share. At present, the
possibility of the Company declaring total dividends of at least 7p per share
for the current financial year is very likely.

[spangle93] 08/6/2023 14:41

I guess the ex-div around the middle of October is the one to watch...

Good to see the discount close, though it would have been nicer to see the NAV increase with the share price

[cwa1] 08/6/2023 12:17

Let's go round again...

Re: Dividend Announcement

The Directors of TwentyFour Select Monthly Income Fund Limited have declared
that a dividend will be payable, in line with the Prospectus, representing the
regular monthly targeted dividend for the financial period ending 31 May 2023 as
follows:

Ex-Dividend Date 15 June 2023

Record Date 16 June 2023

Payment Date 30 June 2023

Dividend per Share 0.50 pence (Sterling)

[marktime1231] 07/6/2023 11:56

A fair attempt at closing the discount gap, but some way to go to restoring the premium.

[marktime1231] 06/6/2023 15:56

Is the completion of BoE corporate bond auction easing things here?

[aishah] 30/5/2023 14:24

Tender offer:

The company has announced it intends to purchase up to 20% of the issued share capital at a price based on the Net Asset Value (NAV). The tender price will be set at a 2% discount to the 30 June 2023 NAV. Tender elections in excess of your basic entitlement may be subject to pro rata scaling back

[ramellous] 19/5/2023 09:17

Some good results today from Nationwide building society. SMIF’s top debt holding

[catch007] 16/5/2023 15:40

I added a few more at 0.715 today to catch the ex div date this week, helps my regular income flow. I understand the downward pressures however still seems a reasonable entry point given the yield.