Net Asset Value • Aug 16, 2013
Net Asset Value
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National Storage Mechanism | Additional information
RNS Number : 9051L
TwentyFour Income Fund Limited
16 August 2013
TwentyFour Income Fund Limited
Interim Management Statement (Unaudited)
For the four months ended 31st July 2013
16 August 2013
This interim management statement relates to the four months from 1st April 2013 to 31st July 2013 and contains information that covers that period, unless otherwise stated.
Financial Performance - Cumulative Total Return*
| 1 Month | 3 Months | Financial YTD | |
| Share price | 0.23% | 3.58% | 4.20% |
| Net asset value | 2.01% | 3.73% | 5.06% |
*total return with net dividends reinvested
Source: Bloomberg/TwentyFour AM
Financial position
As at 31st July 2013
| Total assets | GBP 191.5m |
| Share price | 107.25p |
| Net asset value | 102.01p |
| Discount/Premium | 5.14% |
| Gearing | 0% |
| Subscription share price | 100p on IPO |
Share prices shown are closing mid
Source: Bloomberg/TwentyFour AM
Material Events
During the period the Company paid a dividend to shareholders of 1.25p per ordinary share.
Material Transactions
Changes to share capital
| Ordinary Shares | |
| As at 1 April 2013 | 150,000,000 |
| Shares bought back and cancelled | - |
| Shares bought back into Treasury | - |
| Shares cancelled from Treasury | - |
| Shares issued | 37,765,750 |
| As at 31 July 2013 | 187,765,750 |
Portfolio Analysis
Ten largest holdings as at 31st July 2013
| Security | Sector | WAL | % of Total |
| WHINSTONE | Prime RMBS | 7.97 | 4.59 % |
| MERCT I-X | Lev Loan CLO | 5.69 | 4.10 % |
| ESAIL 07-NL2 | Non-Conforming RMBS | 11.81 | 4.02 % |
| DOLPH 2010-3 | Prime RMBS | 1.89 | 3.95 % |
| EMACP 07-NL4 | Prime RMBS | 13.19 | 3.57 % |
| BANKP I | Peripheral SME | 6.87 | 3.48 % |
| EUROC VIII-X | Lev Loan CLO | 4.87 | 3.45 % |
| ITALF 07-1 | Leases | 2.60 | 3.15 % |
| BCJAF 6 | Peripheral RMBS | 6.72 | 2.91 % |
| LUSI 4 | Peripheral RMBS | 6.65 | 2.87 % |
Sector breakdown as at 31st July 2013
| Sector | % of Total |
| RMBS | 50.68 % |
| CLO | 31.02 % |
| SME | 7.97 % |
| Leases | 3.09 % |
| Consumer | 2.63 % |
| CMBS | 1.50 % |
| CDO | 0.75 % |
| Cash | 2.35 % |
| Total | 100.00 % |
Enquiries
TwentyFour Asset Management LLP
John Magrath
020 7015 8912
Numis Securities Limited
Nathan Brown / Hugh Jonathan
020 7260 1426 / 020 7260 1263
[email protected] / [email protected]
This interim management statement has been prepared solely to provide information to meet the requirements of the UK Listing Authority's Disclosure and Transparency Rules.
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
A monthly fact sheet is produced with respect to the Company, which is available on the Company's website: www.twentyfourincomefund.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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