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]

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.
source: https://en.wikipedia.org/wiki/Twentyfour_Income_Fund