Jump to content

Twentyfour Income Fund

From Wikipedia, the free encyclopedia

Twentyfour Income Fund
Company typeInvestment trust
IndustryProperty investment
Founded2013; 11 years ago (2013)
Headquarters,
Key people
Trevor Ash (Chairman)
ProductsInvesting in less liquid, higher yield investments
Websitewww.twentyfouram.com

Twentyfour Income Fund is a British investment trust. Established in 2013, it is dedicated to investing in less liquid, higher yield investments.[1] The chairman is Trevor Ash.[2] It is listed on the London Stock Exchange and it is a constituent of the FTSE 250 Index.[3] It is managed by Twentyfour, which is part of the Vontobel Group.[4]

History

[edit]

In March 2022, the company announced that it would merge with UK Mortgages in a transaction worth £700 million.[5] The transaction resulted in UK Mortgages being wound up.[6]

References

[edit]
  1. ^ "Twentyfour Income Fund". Trust.net. Retrieved 1 September 2022.
  2. ^ "Annual Report 2022" (PDF). Twentyfour Income Fund. Retrieved 1 September 2022.
  3. ^ "FTSE UK Index Series Quarterly Review September 2022". 31 August 2022. Retrieved 1 September 2022.
  4. ^ "Prospectus" (PDF). Twentyfour Income Fund. p. 54. Retrieved 1 September 2022.
  5. ^ "Twentyfour trust gets go ahead for £700m merger with UK Mortgages". Portfolio Advisor. 18 March 2022. Retrieved 1 September 2022.
  6. ^ "TwentyFour Income Fund and UK Mortgages agree merger terms". Morning Star. 9 February 2022. Retrieved 1 September 2022.
[edit]