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GUERNSEY - Shareholders of TwentyFour Income Fund Limited (LEI:549300CCEV00IH2SU369) approved all resolutions at the company’s Annual General Meeting held Friday, according to a statement based on a company press release.
The Guernsey-based closed-ended investment company reported strong support across all voting items, with approval rates ranging from 93.66% to 99.92%.
Key authorizations granted by shareholders include the renewal of the company’s ability to repurchase up to 14.99% of its outstanding ordinary shares, either for cancellation or to hold as treasury shares.
Shareholders also approved two separate resolutions authorizing directors to issue and allot shares representing up to 10% of the total shares in issue, with these authorities set to expire at the earlier of the 2026 annual general meeting or 15 months after passage.
Additionally, the meeting passed two extraordinary resolutions waiving pre-emption rights, allowing the company to issue equity securities for cash as if members’ pre-emption rights did not apply, subject to certain conditions including that shares not be issued at less than net asset value.
All authorizations granted at the meeting will remain in effect until either the 2026 annual general meeting or 15 months after the passing of the respective resolutions, whichever comes first.
The company disclosed that the meeting notice had been sent to shareholders on September 18, 2025.
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