TwentyFour Select Monthly Income Fund Limited (SMIF), a London-listed closed-ended investment company focused on diversified credit securities, has declared a dividend of 0.5 pence per share for the financial period ended 31 October 2026. The payment is described as the regular monthly targeted dividend, in line with the fund's Prospectus. The ex-dividend date is set for 19 November 2026, with payment due on 4 December 2026. Income-focused investors may note the continuation of SMIF's consistent monthly distribution schedule.

Key Points

  • TwentyFour Select Monthly Income Fund Limited (SMIF), incorporated in Guernsey, listed in London
  • Directors have declared a dividend of 0.5 pence per share for the period ended 31 October 2026
  • Ex-dividend date: 19 November 2026; Record date: 20 November 2026; Payment date: 4 December 2026
  • Investors will be watching whether SMIF maintains this monthly distribution rate in forthcoming periods

SMIF's 0.5p October 2026 Dividend Declared In Line With Prospectus Commitments

The board of TwentyFour Select Monthly Income Fund Limited announced on 12 November 2026 that it has declared a dividend of 0.5 pence per share in sterling, representing the fund's regular monthly targeted distribution for the financial period ended 31 October 2026. The announcement states the payment is made in line with the fund's Prospectus, reinforcing the structured, pre-committed nature of SMIF's income distributions. The fund is registered as a closed-ended collective investment scheme with the Guernsey Financial Services Commission, carrying registered number 57985 and LEI 549300P9Q5O2B3RDNF78.

Key Dividend Dates: Ex-Dividend 19 November, Payment to Follow on 4 December 2026

Shareholders seeking to qualify for this distribution must note the ex-dividend date of 19 November 2026, with the record date falling on 20 November 2026. Payment of the 0.5 pence per share dividend is scheduled for 4 December 2026. These dates provide a clear timeline for shareholders and prospective investors monitoring SMIF's income payment schedule. The fund's monthly distribution model is central to its investment proposition, targeting investors seeking regular income from exposure to credit markets across the debt spectrum.

SMIF's Strategy: Targeting Premium Returns From Less Liquid Credit Instruments

SMIF is designed, as stated in the announcement, to take advantage of premium returns available from less liquid instruments across the debt spectrum. The fund invests in a diversified portfolio of credit securities, a strategy that underpins its ability to target consistent monthly income payments. Operating as a non-cellular company limited by shares and incorporated under the Companies (Guernsey) Law 2008, the fund's closed-ended structure means its capital base remains fixed, distinguishing it from open-ended alternatives. Deutsche Numis and JPES Partners are listed as contacts, alongside Northern Trust International Fund Administration Services (Guernsey) Limited as administrator.