Simon Richard Class Purchases 25,000 Shares of TwentyFour Select Monthly Income Fund Limited (LON:SMIF) Stock

TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report) insider Simon Richard Class bought 25,000 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were acquired at an average price of GBX 86 ($1.10) per share, for a total transaction of £21,500 ($27,472.53).

TwentyFour Select Monthly Income Fund Stock Down 0.2 %

Shares of LON SMIF traded down GBX 0.20 ($0.00) during midday trading on Wednesday, hitting GBX 83.80 ($1.07). The company had a trading volume of 1,071,360 shares, compared to its average volume of 789,783. The business has a 50-day simple moving average of GBX 86.55 and a two-hundred day simple moving average of GBX 85.83. TwentyFour Select Monthly Income Fund Limited has a twelve month low of GBX 75.40 ($0.96) and a twelve month high of GBX 88.20 ($1.13). The firm has a market capitalization of £229.83 million and a price-to-earnings ratio of -1,047.50.

TwentyFour Select Monthly Income Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 20th were issued a dividend of GBX 0.50 ($0.01) per share. The ex-dividend date was Thursday, March 20th. This represents a yield of 0.57%. TwentyFour Select Monthly Income Fund's dividend payout ratio is presently -8,750.00%.

TwentyFour Select Monthly Income Fund Company Profile

TwentyFour Select Monthly Income Fund is a London listed closed-ended fund which is designed to take advantage of the premium returns available from “less liquid” instruments across the debt spectrum. These securities, do not offer enough liquidity for daily priced OEICs, but are well suited to a traded closed-ended vehicle, where investors can obtain liquidity via the exchange and the quarterly buyback facility that the fund offers.