Asia FX rises; US-Japan trade deal boosts yen, won to 2-week highs
GUERNSEY - TwentyFour Select Monthly Income Fund Limited (SMIF) announced Thursday it will pay a total dividend of 0.75 pence per share for the financial period ended June 30, 2025.
The dividend consists of the regular monthly targeted payment of 0.5 pence per share plus an additional 0.25 pence per share, according to a press release from the Guernsey-based investment company.
The fund, which invests in diversified credit securities, cited the current interest rate environment and macroeconomic conditions as factors in its decision to issue the supplemental payment.
SMIF’s directors stated they expect dividends for the year ending September 30, 2025, to "comfortably exceed" 6.5 pence per share, surpassing their target annual dividend of 6 pence per share.
The dividend will have an ex-dividend date of July 17, a record date of July 18, and a payment date of August 1, 2025.
The company indicated it will continue to monitor market conditions and provide updates on dividend expectations when appropriate throughout the remainder of the fiscal year.
TwentyFour Select Monthly Income Fund is registered as a closed-ended collective investment scheme with the Guernsey Financial Services Commission.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.