TwentyFour Income Fund Limited - TwentyFour Income Fund Limited announces Dividend Reinvestment Plan
The DRIP will allow shareholders in TFIF to reinvest their cash dividend, or to continue receiving their dividend as income. Individual shareholders who elect to reinvest their cash dividend will be able to reinvest the full amount via Computershare. Computershare will use the cash dividend to buy new shares in the Company either on or as soon as reasonably practicable after each dividend payment date.
Shareholders invested in TFIF via a retail platform may find their dividend can be reinvested automatically through the platform, rather than via the Company’s DRIP. Those shareholders should contact their platform provider for further information.
The DRIP will be available for shareholder participation on payment of the full-year dividend for those on the register as at 24th
TFIF performance since IPO
The table below illustrates TFIF’s total returns since IPO in 2013, comparing performance both with and without reinvesting dividends.
TFIF has delivered a strong and consistent dividend performance since inception by both meeting and raising its dividend targets, achieved throughout the interest rate cycle. It operates a full payout model, which means substantially all income is paid out as dividends to shareholders. For the current financial year to date, the Company has paid a dividend of
The below is not financial advice and past performance is not a guide to future performance, investments can go down as well as up and investors may not get back what they invested. The comparison below is for illustration purposes only, as there has not been a DRIP previously available, This notional comparison has been calculated as at market close on the16th
TFIF total returns since IPO
Without re-investing dividends
Date NAV Price
IPO 29/03/2013 100.0p 100.0p
Market close 16/02/2026 110.7p 113.4p
Dividends paid 96.91p 96.91p
Total return 108% 110%
Source: Bloomberg Finance LP (assumes
day 1 NAV and price of 100p)
With reinvesting dividends
Date NAV Price
IPO 29/03/2013 100.0p 100.0p
Market close 16/02/2026 276.3p 273.98p
Total return 176% 174%
Source: LSEG Workspace (assumes day 1
NAV and price of 100p)
Commenting on the introduction of the DRIP, Bronwyn Curtis OBE, Chair, TFIF said: “The introduction of a DRIP means investors can now choose whether to take their dividend as income or reinvest it to take advantage of the accumulation benefits, increasing their shareholding and thereby their share of future dividend payments.
“Investors who wish to learn more about the process and hear an update on the Company and its portfolio may join our next IMC presentation on the 25th
Investor Meet Company Presentation
The Company will host an investor presentation on Wednesday 25th February at
Questions can be submitted pre-event via your
Investors can sign up to
https://www.investormeetcompany.com/twentyfour-income-fund-limited/register-investor
Investors who already follow
For further information please contact:
Deutsche Numis
Tel: +44 (0)20 7547 0541
JPES Partners
Tel: +44 (0)20 7520 7620
The Company’s LEI is: 549300CCEV00IH2SU369
About the Company:
The Company is a
