TwentyFour Income Fund Limited (TFIF), the FTSE 250 listed investment company focused on asset-backed securities, has issued 2,000,000 new ordinary shares at 105.68 pence each, raising £2,113,600 before costs under its blocklisting facility. The company states the issue was conducted to satisfy market demand and to raise capital for investment in line with its existing investment policy. Following the issue, TFIF's total issued share capital stands at 939,955,296 ordinary shares, a figure that shareholders must now use as the denominator when calculating disclosure obligations under FCA Transparency Rules.

Key Points

  • TwentyFour Income Fund Limited (TFIF), FTSE 250 listed investment company
  • 2,000,000 ordinary shares of 1 pence each issued at 105.68 pence per share via blocklisting facility
  • Gross proceeds of £2,113,600 raised before costs and expenses; total issued share capital now 939,955,296 shares
  • Investors should watch for further equity issuances and how new capital is deployed across TFIF's ABS portfolio

TFIF Issues Shares at 105.68p via Blocklisting Facility to Meet Market Demand

TwentyFour Income Fund Limited confirmed on 5 November 2026 that it issued 2,000,000 ordinary shares of 1 pence each at a price of 105.68 pence per share. The shares were issued under the company's existing blocklisting facility, a mechanism that allows an investment company to issue new shares in tranches without requiring a separate prospectus for each issuance. The company stated the purpose was to satisfy market demand and to raise money for investment in accordance with its stated investment policy. Gross proceeds from the placing totalled £2,113,600 before costs and expenses. The company did not disclose net proceeds after costs in the announcement.

TwentyFour Income Fund's ABS Strategy Spans UK, European, US and Australian Markets

TwentyFour Income Fund is structured as a FTSE 250 listed investment company targeting less liquid, higher-yielding asset-backed securities across four key geographies: the United Kingdom, Europe, the United States, and Australia. The company aims to generate attractive risk-adjusted returns, principally through income distributions, by maintaining a diversified portfolio of such securities. Asset-backed securities can carry heightened liquidity risk compared with more conventional fixed income instruments, a characteristic the company explicitly acknowledges in its investment mandate. The breadth of its geographical reach is designed to diversify exposure across different regulatory and credit environments.

Issued Share Capital Rises to 939,955,296 Shares Following New Equity

Following the latest issuance, TFIF's total issued share capital now comprises 939,955,296 ordinary shares. The company has confirmed this figure should serve as the denominator for shareholders calculating whether they are required to notify interests or changes in interests under the FCA's Disclosure and Transparency Rules. Investors and institutional holders approaching relevant notification thresholds should update their calculations accordingly. Deutsche Numis, with contacts Matt Goss and Hugh Jonathan, acts as broker to the company, while Northern Trust International Fund Administration Services (Guernsey) Limited handles fund administration. The company's LEI is 549300CCEV00IH2SU369.