Twentyfour Income Fund

Last updated

Twentyfour Income Fund
Company type Investment trust
Industry Property investment
Founded2013;12 years ago (2013)
Headquarters
Saint Peter Port
,
Guernsey
Key people
Trevor Ash (Chairman)
ProductsInvesting in less liquid, higher yield investments
Website www.twentyfouram.com

Twentyfour Income Fund is a British investment trust dedicated to investing in less liquid, higher yield investments. [1] It is listed on the London Stock Exchange and it is a constituent of the FTSE 250 Index. [2]

Contents

History

The company was established in 2013. Twentyfour, part of the Vontobel Group, was appointed manager. [3] In March 2022, the company announced that it would merge with UK Mortgages in a transaction worth £700 million. [4] The transaction resulted in UK Mortgages being wound up. [5] The chairman is Trevor Ash. [6]

References

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