TwentyFour Income Fund Ltd.

Major Shareholding Notification • Dec 19, 2016

National Storage Mechanism | Additional information

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TwentyFour Income Fund - Holding(s) in Company

PR Newswire

London, December 19

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:	TwentyFour Income Fund Ltd

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights		X
Other (please specify):

3. Full name of person(s) subject to the notification obligation:	Bank of Montreal
4. Full name of shareholder(s) (if different from 3.):	See box 9 below
5. Date of the transaction and date on which the threshold is crossed or reached:	13th December 2016
6. Date on which issuer notified:	15th December 2016
7. Threshold(s) that is/are crossed or reached:	5%

8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of  voting rights
Direct	Direct	Indirect	Direct	Indirect
GG00B90J5Z95	16,500,000	16,500,000	19,404,126	-	19,404,126	-	4.96%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date	Exercise/ Conversion period	Number of voting rights instrument refers to	% of voting rights
					Nominal	Delta

Total (A+B+C)
Number of voting rights	Percentage of voting rights
19,404,126	4.96%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

Bank of Montreal is the parent company of the BMO Financial Group. The following controlled undertakings each hold voting rights of 3% or more of the issuer. All controlled undertaking(s) as detailed are wholly owned subsidiaries of the Bank of Montreal. Controlled undertakings can exercise voting rights independently.

Controlled Undertaking	No. of voting rights	% of total voting rights
Thames River Multi-Capital LLP	19,339,201	4.94%

Proxy Voting:
10. Name of proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:	Calculation based on total voting rights of 390,814,151
14 Contact name:	Ding Wang
15. Contact telephone name:	0207 011 5180

For notes on how to complete form TR-1 please see the FSA website.