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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 in the United Kingdom and European Asset Backed Securities. The Company’s alternative investment fund manager is Maitland Institutional Services Limited.
- Revenue in GBP (TTM)144.08m
- Net income in GBP136.01m
- 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) |
|---|---|---|
| VinaCapital Vietnam Opportunity Fund Ltd | 153.14m | 121.95m |
| Syncona Ltd | 30.75m | 3.79m |
| Molten Ventures PLC | -47.80m | -40.60m |
| Temple Bar Investment Trust PLC | 164.88m | 155.68m |
| ICG Enterprise Trust PLC | 43.44m | 17.37m |
| Global Smaller Companies Trust PLC | 75.97m | 67.59m |
| NB Private Equity Partners Ltd | 12.11m | -16.88m |
| TwentyFour Income Fund Ltd | 144.08m | 136.01m |
| JPMorgan Japanese Investment Trust PLC | 141.61m | 132.85m |
| Biopharma Credit PLC | 103.94m | 83.36m |
| Schroder AsiaPacific Fund plc | 12.80m | -1.08m |
| Patria Private Equity Trust PLC | 69.87m | 48.87m |
| Octopus Titan VCT PLC | -151.39m | -178.12m |
| Merchants Trust plc | 119.55m | 108.81m |
| CMC Markets Plc | 332.78m | 46.89m |
| Murray Income Trust plc | 102.65m | 94.78m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Investec Wealth & Investment Ltd.as of 02 Jul 2024 | 75.31m | 10.07% |
| TwentyFour Asset Management LLPas of 22 Mar 2024 | 37.66m | 5.04% |
| Aviva Investors Global Services Ltd.as of 27 Feb 2024 | 36.96m | 4.94% |
| East Riding of Yorkshire Council (Investment Management)as of 13 Jun 2023 | 26.06m | 3.49% |
| Premier Fund Managers Ltd.as of 30 Apr 2024 | 21.82m | 2.92% |
| Border to Coast Pensions Partnership Ltd.as of 31 Mar 2024 | 21.06m | 2.82% |
| Waverton Investment Management Ltd.as of 30 Apr 2024 | 13.26m | 1.77% |
| abrdn, Inc.as of 29 Mar 2024 | 12.83m | 1.72% |
| BlackRock Investment Management (UK) Ltd.as of 30 Jun 2024 | 11.33m | 1.52% |
| Baillie Gifford & Co.as of 31 Jul 2024 | 10.61m | 1.42% |
