TwentyFour Income Fund (TFIF) aims to generate a high annual income for investors of at least 6p on the issue price of 100p, with a total return of 6% to 9% p.a., by investing in the higher-yielding, less liquid parts of the pan-European asset-backed security (ABS) market. It pays a quarterly dividend, distributing all income each year, and has met its dividend and total-return targets each year since launch in 2013. In fact, the board is committed to holding a continuation vote if TFIF fails t ....
10 Mar 2020
TwentyFour Income - Overview
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TwentyFour Income - Overview
TwentyFour Income Fund Ltd GBP (TFIF:LON) | 102 1 0.9% | Mkt Cap: 763.5m
- Published:
10 Mar 2020 -
Author:
Thomas McMahon, CFA -
Pages:
7
TwentyFour Income Fund (TFIF) aims to generate a high annual income for investors of at least 6p on the issue price of 100p, with a total return of 6% to 9% p.a., by investing in the higher-yielding, less liquid parts of the pan-European asset-backed security (ABS) market. It pays a quarterly dividend, distributing all income each year, and has met its dividend and total-return targets each year since launch in 2013. In fact, the board is committed to holding a continuation vote if TFIF fails t ....