Twentyfour Income Fund Explained

Twentyfour Income Fund
Type:Investment trust
Industry:Property investment
Location City:London
Location Country:United Kingdom
Key People:Trevor Ash (Chairman)
Products:Investing in less liquid, higher yield investments

Twentyfour Income Fund is a British investment trust. Established in 2013, it is dedicated to investing in less liquid, higher yield investments.[1] The chairman is Trevor Ash.[2] It is listed on the London Stock Exchange and it is a constituent of the FTSE 250 Index.[3] It is managed by Twentyfour, which is part of the Vontobel Group.[4]

History

In March 2022, the company announced that it would merge with UK Mortgages in a transaction worth £700 million.[5] The transaction resulted in UK Mortgages being wound up.[6]

External links

Notes and References

  1. Web site: Twentyfour Income Fund. Trust.net. 1 September 2022.
  2. Web site: Annual Report 2022. Twentyfour Income Fund . 1 September 2022.
  3. Web site: FTSE UK Index Series Quarterly Review September 2022. 31 August 2022. 1 September 2022.
  4. Web site: Prospectus. Twentyfour Income Fund. 54. 1 September 2022.
  5. Web site: Twentyfour trust gets go ahead for £700m merger with UK Mortgages. 18 March 2022. Portfolio Advisor. 1 September 2022.
  6. Web site: TwentyFour Income Fund and UK Mortgages agree merger terms. 9 February 2022. Morning Star. 1 September 2022.

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