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LONDON - TwentyFour Income Fund Limited (TFIF), a FTSE 250 listed investment company, announced on Wednesday the launch of an Offer for Subscription that includes a retail component through RetailBook’s platform.
The offer, which is available to both existing shareholders and new investors, allows UK residents to purchase shares with a minimum subscription of £1,000. Retail investors can participate through RetailBook’s partner network, which includes AJ Bell, Hargreaves Lansdown, and interactive investor.
Applications for shares can be made through tax-efficient vehicles such as ISAs and SIPPs, as well as General Investment Accounts, according to the company’s statement.
The subscription offer forms part of a broader equity raising initiative that includes a Placing and an Open Offer of new Ordinary Shares. The company, which targets less liquid, higher yielding UK and European asset-backed securities, aims to raise additional capital in response to market demand.
The subscription period opens October 1, with applications due by 11:00 a.m. on October 16. Results and the subscription price will be announced on October 24, with admission to trading expected on October 28.
TFIF noted that the subscription offer will remain open alongside live share trading, meaning the market price of shares may differ from the subscription price. The company cautioned that investment carries risk, with no guarantee on returns.
Full details of the offer are available in the prospectus published on the company’s website and the National Storage Mechanism. The announcement was based on a press release statement from TwentyFour Income Fund Limited.
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