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LONDON - TwentyFour Select Monthly Income Fund Limited (LSE:SMIF) has issued 1 million new ordinary shares at a price of 86.87 pence per share, according to a corrected statement released Tuesday.
The share issuance raised £868,700 before costs and expenses under the company’s Block Listing facility. The fund indicated that the new shares were issued to satisfy market demand and to raise capital for investment in accordance with its investment policy.
Following this issuance, the company’s total issued share capital now stands at 293,274,331 ordinary shares. The company noted that shareholders may use this figure as the denominator for calculations to determine if they need to notify their interest in, or a change to their interest in, the company’s share capital under the Financial Conduct Authority’s Disclosure and Transparency Rules.
The statement released Tuesday corrects a previous announcement made on Monday, July 7, 2025. The fund clarified that the number of shares issued remains unchanged from the original announcement.
TwentyFour Select Monthly Income Fund is a listed, closed-ended investment company that invests in a diversified portfolio of credit securities.
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