TwentyFour Select Monthly Income Fund - Results of Annual General Meeting
(a closed-ended investment company incorporated in Guernsey with registration number 57985)
LEI Number: 549300P9Q5O2B3RDNF78
RESULT OF ANNUAL GENERAL MEETING
The Directors of
Details of the proxy voting results which should be read along side the Notice are noted below:
__________________________________________________________________ | | |Discretion | | | |Ordinary Resolution|For | |Against |Abstain| | | |(voted in favour)| | | |___________________|__________|_________________|_________|_______| |1 |28,310,423|15,000 |155,571 |386,324| |___________________|__________|_________________|_________|_______| |2 |28,310,800|15,000 |155,429 |386,089| |___________________|__________|_________________|_________|_______| |3 |27,776,629|15,000 |708,345 |367,344| |___________________|__________|_________________|_________|_______| |4 |28,194,914|15,000 |342,060 |315,344| |___________________|__________|_________________|_________|_______| |5 |26,652,995|15,000 |1,774,616|424,707| |___________________|__________|_________________|_________|_______| |6 |28,055,475|15,000 |368,650 |428,193| |___________________|__________|_________________|_________|_______| |7 |26,845,594|15,000 |1,575,766|430,958| |___________________|__________|_________________|_________|_______| |8 |26,736,987|15,000 |1,690,624|424,707| |___________________|__________|_________________|_________|_______| |9 |27,831,716|15,000 |614,132 |406,470| |___________________|__________|_________________|_________|_______| |10 |27,648,383|15,000 |766,433 |437,502| |___________________|__________|_________________|_________|_______| |11 |27,397,798|15,000 |1,025,764|428,756| |___________________|__________|_________________|_________|_______| | | |Discretion | | | |Special Resolution |For | |Against |Abstain| | | |(voted in favour)| | | |___________________|__________|_________________|_________|_______| |12 |27,863,242|15,000 |549,642 |439,434| |___________________|__________|_________________|_________|_______| |13 |27,623,335|15,000 |647,430 |581,553| |___________________|__________|_________________|_________|_______| |Extraordinary | |Discretion | | | | |For | |Against |Abstain| |Resolution | |(voted in favour)| | | |___________________|__________|_________________|_________|_______| |14 |27,376,240|15,000 |1,042,366|433,712| |___________________|__________|_________________|_________|_______| |15 |27,137,009|15,000 |1,289,929|425,380| |___________________|__________|_________________|_________|_______|
Note - A vote withheld is not a vote in law and has not been counted in the votes for and against a resolution.
The resolutions outside of ordinary business were as follows:
Ordinary Resolution 10
THAT , the Directors, in substitution for all existing authorities, be and are generally and unconditionally authorised to allot and issue, grant rights to subscribe for, or to convert securities into, up to a maximum aggregate amount of 29,437,433 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") (being 10 per cent. of the Company's Ordinary Shares in issue as at the latest practicable date prior to the date of publication of this document) for the period expiring on the date falling fifteen months after the date of passing of this resolution 10 or the conclusion of the next annual general meeting of the Company, whichever is the earlier (unless previously renewed, revoked or varied by the Company in general meeting), save that the Company may before such expiry make an offer or agreement which would or might require shares to be allotted and issued after such expiry and the Directors may allot and issue Ordinary Shares in pursuance of such an offer or agreement as if the authority conferred by this resolution 10 had not expired.
Ordinary Resolution 11
THAT , conditional on ordinary resolution 10 above having been passed, in substitution for all existing authorities (but in addition to and without prejudice to the power granted by ordinary resolution 10 above), the Directors be and are generally and unconditionally authorised to allot and issue, grant rights to subscribe for, or to convert securities into, up to an additional 29,437,433 Ordinary Shares (being 10 per cent. of the Company's Ordinary Shares in issue as at the latest practicable date prior to the date of publication of this document) for the period expiring on the date falling fifteen months after the date of passing of this resolution 11 or the conclusion of the next annual general meeting of the Company, whichever is the earlier, save that the Company may before such expiry make an offer or agreement which would or might require Ordinary Shares to be allotted and issued after such expiry and the Directors may allot and issue Ordinary Shares in pursuance of such an offer or agreement as if the authority had not expired.
Special Resolution 12
THAT
, the terms of the proposed quarterly tender facility that, among other things, permits the Company to acquire its issued share capital from tendering shareholders, subject to certain restrictions (the "Facility"), the terms and conditions of which constituting the contract of such Facility (the "Agreement") are set out in the Notice of Quarterly Tenders reproduced in the circular in respect of the Company dated
Special Resolution 13
To authorise the Company, in accordance with section 315 of the Law to make market acquisitions (as defined in the Law) of its own shares of
a. the maximum number of Ordinary Shares authorised to be purchased is 14.99
per cent. of the aggregate Ordinary Shares (excluding treasury shares in
issue) on the date on which this resolution is passed;
b. the minimum price (exclusive of expenses) which may be paid for an Ordinary
Share shall be £0.01 per Ordinary Share;
c. the maximum price (exclusive of expenses) which may be paid for an Ordinary
Share shall be the higher of (i) 105 per cent. of the average of the middle
market quotations (as derived from the Daily Official List) for the
Ordinary Shares for the five business days immediately preceding the date
of acquisition and (ii) the higher of the last independent trade and the
highest current independent bid on the trading venue on which the purchase
is carried out; and
unless previously varied, revoked or renewed, the authority hereby conferred shall expire on
Extraordinary Resolution 14
THAT , the Directors of the Company be and they are hereby generally empowered, to allot and issue, to grant rights to subscribe for, or to convert and make offers or agreements to allot and issue equity securities (as defined in Article 6.1 of the Articles) for cash as if the pre-emption rights contained in the Articles in respect of such equity securities did not apply to any such allotment and issuance, provided that this power shall be limited so that it:
a. expires at the conclusion of the next annual general meeting of the Company
after the passing of this resolution or on the expiry of 15 months from the
passing of this resolution, whichever is the earlier, save that the Company
may, before such expiry, make an offer or agreement which would or might
require equity securities to be allotted and issued after such expiry and
the Directors may allot and issue equity securities in pursuance of any
such offer or agreement as if the power conferred hereby had not expired;
and
shall be limited to the allotment and issuance of equity securities up to an aggregate nominal value of £294,374 being approximately 10 per cent. of the nominal value of the issued share capital of the Company, as at
Extraordinary Resolution 15
THAT conditional on extraordinary resolution 14 above having been passed, the Directors of the Company be and they are hereby generally empowered, in addition to and without prejudice to the power granted by extraordinary resolution 14 above, to allot and issue, to grant rights to subscribe for, or to convert and make offers or agreements to allot and issue equity securities (as detailed in Article 6.1 of the Articles) for cash as if the pre-emption rights contained in the Articles in respect of such equity securities did not apply to any such allotment and issuance, provided that this power shall be limited so that it:
a. expires at the conclusion of the next annual general meeting of the Company
after the passing of this resolution or on the expiry of 15 months from the
passing of this resolution, whichever is the earlier, save that the Company
may, before such expiry, make an offer or agreement which would or might
require equity securities to be allotted and issued after such expiry and
the Directors may allot and issue equity securities in pursuance of any
such offer or agreement as if the power conferred hereby had not expired;
and
b. shall be limited to the allotment and issuance of additional equity
securities up to an aggregate nominal value of £294,374 being approximately
10 per cent. of the nominal value of the issued share capital of the
Company, as at 15 July 2025 and representing 29,437,433 Ordinary Shares.
Enquiries:
The Company Secretary
Trafalgar Court
Les Banques
Guernsey
GY1 3QL
Tel: 01481 745001
About the Company:
The Company is a
Visit the Company's website at www.selectmonthlyincomefund.com for more information.
