TwentyFour Income Fund raises £3.3 million in fresh share issue
What's the deal? TwentyFour Income FundDealroom has a profile for this one. Try Dealroom → (TFIF), a FTSE 250 listed investment company, raised £3,262,800 by issuing 3 million new ordinary shares at 108.76 pence each on September 17, 2026. The shares went out under the fund's blocklisting facility, which lets it issue stock in tranches without a full prospectus each time.
What's the endgame? TFIF invests in asset-backed securities across the UK, Europe, the US, and Australia, targeting less liquid, higher-yielding instruments. The fund said the raise satisfies investor demand and funds new investments aligned with its strategy.
Why now? Each share carries a nominal value of 1 pence, so the 108.76 pence price marks a substantial premium to par. The issue lifted TFIF's total share capital to 926,705,296 ordinary shares.
What to watch: The fund did not disclose net proceeds after costs. Deutsche NumisDealroom has a profile for this one. Try Dealroom → and Northern Trust International Fund Administration Services (Guernsey)Dealroom has a profile for this one. Try Dealroom → are the designated contacts.
The signal: The raise sits near the bottom of the funding range, in roughly the 3rd percentile by size. That reflects the modest, incremental nature of blocklisting top-ups, which favour flexibility over headline scale.
Read more: kalkinemedia.com
Image credit: GeorgeTan#1
