TwentyFour Income Fund Limited (TFIF), a FTSE 250 listed investment company focused on asset-backed securities, has announced the appointment of John de Garis as Senior Independent Director with effect from 12 November 2026. The appointment follows board changes previously disclosed by the company on 17 September 2026. De Garis, who has served as an independent non-executive director since 9 July 2021, will also continue in his existing role as Chair of the Remuneration and Nomination Committee, providing continuity at board level.

Key Points

  • TwentyFour Income Fund Limited (TFIF), FTSE 250 listed investment company
  • John de Garis appointed Senior Independent Director with effect from 12 November 2026
  • De Garis has served as independent non-executive director since 9 July 2021 and retains chairmanship of the Remuneration and Nomination Committee
  • Investors may wish to monitor further board composition updates following the September 2026 changes

John de Garis Steps Up to Senior Independent Director Role at TwentyFour Income Fund

The board of TwentyFour Income Fund Limited confirmed that John de Garis assumed the role of Senior Independent Director on 12 November 2026. The announcement states that de Garis has been part of the board as an independent non-executive director since 9 July 2021, bringing several years of familiarity with the company's operations and governance structure to the elevated position. The Senior Independent Director role typically serves as a key point of contact for shareholders and provides an additional layer of independent oversight, particularly during periods of board transition or strategic review.

Appointment Follows September 2026 Board Changes at TFIF

The company notes that this appointment is a direct consequence of board changes it disclosed on 17 September 2026, though the specific details of those earlier changes were not repeated in this announcement. The structured approach to board succession, with an existing non-executive director stepping into the Senior Independent Director role, suggests the company sought to maintain governance continuity. De Garis will also retain his chairmanship of the Remuneration and Nomination Committee, meaning his responsibilities at board level have expanded rather than been replaced by the new appointment.

TwentyFour Income Fund's ABS Portfolio Spans UK, Europe, US and Australia

TwentyFour Income Fund Limited is a FTSE 250 investment company that aims to generate attractive risk-adjusted returns, principally through income distributions, by investing in a diversified portfolio of asset-backed securities across the UK, Europe, the United States, and Australia. The company is administered by Northern Trust International Fund Administration Services (Guernsey) Limited and is incorporated in Guernsey. Its multi-geography exposure to asset-backed securities means its performance is sensitive to credit conditions and interest rate dynamics across several major markets simultaneously, a factor investors in the closed-ended fund sector may weigh carefully.