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About the company
TwentyFour Income Fund Limited is a closed-ended investment company. The Company operates through investments in Asset Backed Securities segment. The Company’s investment objective is to generate attractive risk-adjusted returns principally through income distributions. Its investment policy is to invest in a diversified portfolio of predominantly United Kingdom and European Asset Backed Securities. No more than 20 % of the portfolio value will be backed by collateral in any single country. No more than 10 % of the Portfolio value will be exposed to any single Asset Backed Security or issuer of Asset Backed Securities, but provided that where more than 5% of the portfolio value is exposed to a single Asset Backed Security, these Asset Backed Securities in respect of which more than 5 % of the Portfolio value is exposed, may not, in aggregate, make up more than 40 % of the total Portfolio value of the Company. Institutional Services Limited is its alternative investment fund manager.
- Revenue in GBP (TTM)129.47m
- Net income in GBP121.12m
- Incorporated2013
- Employees0.00
- LocationTwentyFour Income OrdTrafalgar Court, Les BanquesPO Box 255SAINT PETER PORT GY1 3QLGuernseyGGY
- Phone+44 1 481745001
- Websitehttps://www.twentyfouram.com/view/GG00B90J5Z95/twentyfour-income-fund#overview
Profile
| Management group(s) | TwentyFour Asset Management LLP |
|---|---|
| AIC sector | Debt - Structured Finance |
| ISIN | GG00B90J5Z95 |
| Launch date | 06 Mar 2013 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To generate attractive risk-adjusted returns principally through income distributions by investing in a diversified portfolio of UK and European asset-backed securities.The Portfolio will comprise at least 50 Asset Backed Securities at all times.
Managed by
| Aza Teeuwen, Douglas Charleston, John Lawler, Marko Feiertag, Robert Ford, Elena Rinaldi |
|---|
Management & contract fees
Management fee of 0.75% of lower of NAV and market cap. Agreement is terminable on notice period of 12 months.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| SDCL Energy Efficiency Income Trust PLC | -44.70m | -56.30m |
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| JPMorgan Japanese Investment Trust PLC | 141.61m | 132.85m |
| TwentyFour Income Fund Ltd | 129.47m | 121.12m |
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| Schroder AsiaPacific Fund plc | 12.80m | -1.08m |
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| Biopharma Credit PLC | 106.52m | 85.11m |
| Patria Private Equity Trust PLC | 69.87m | 48.87m |
| Merchants Trust plc | -19.61m | -30.25m |
