Last checked at 
14 Oct 2014 17:26
TWENTYFOUR INCOME FUND - Further re: Proposed issue of equityTWENTYFOUR INCOME FUND - Further re: Proposed issue of equity
PR Newswire
London, October 14
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY ORINDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA,THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, JAPAN OR ANYJURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. This announcement does not constitute or form part of, and should not beconstrued as, any offer for sale or subscription of, or solicitation of anyoffer to buy or subscribe for, any shares in TwentyFour Income Fund Limited orsecurities in any other entity, in any jurisdiction, including the UnitedStates, nor shall it, or any part of it, or the fact of its distribution, formthe basis of, or be relied on in connection with, any contract or investmentdecision whatsoever, in any jurisdiction. This announcement does not constitutea recommendation regarding any securities. 14 October 2014 TwentyFour Income Fund Limited (a non-cellular company limited by shares incorporated in the Island ofGuernsey under the Companies (Guernsey) Law 2008, as amended, with registerednumber 56128 and registered as a Registered Closed-ended Collective InvestmentScheme with the Guernsey Financial Services Commission) Further re: Proposed issue of equity Further to the announcement of 8 October 2014, the board of TwentyFour IncomeFund Limited, wishes to advise that the issue price per New Share will be125.769 pence, calculated as a 5% premium to the NAVper share as at 10 October2014 of 121.28p, excluding 1.5p per Share representing an amount equal to thedividend per share for the quarter to 30 September 2014 to which the New Shareswill not be entitled. Qualified investors (note 1) are invited to apply for New Shares by contactingNumis on the contact details below. The decision to allot New Shares to anyqualified investor shall be at the absolute discretion of the Company andNumis. The Company will make a further announcement in due course. For further information, please contact: Numis Securities Limited: +44 (0)20 7260 1000Chris Gook / David Luck (Sales)Nathan Brown / Hugh Jonathan (Corporate Finance & Broking) TwentyFour Income Fund Limited: +44 (0)20 7015 8900John MagrathAlistair Wilson Note 1 - As defined in section 86(7) of the Financial Services and Markets Act2000 (as amended). Important Information This announcement has been prepared by, and is the sole responsibility of,TwentyFour Income Fund Limited (the "Company"). Numis Securities Limited is acting only for the Company in connection with thematters described in this announcement and is not acting for or advising anyother person, or treating any other person as its client, in relation theretoand will not be responsible for providing the regulatory protection afforded toclients of Numis Securities Limited or advice to any other person in relationto the matters contained herein. The Company is not and will not be registered under the US Investment CompanyAct of 1940, as amended. The New Shares have not been, nor will they be,registered under the US Securities Act of 1933, as amended (the "SecuritiesAct") or with any securities regulatory authority of any state or otherjurisdiction of the United States or under the applicable securities laws ofAustralia, Canada, Japan, the Republic of Ireland or the Republic of SouthAfrica or any other jurisdiction that is a member state of the EuropeanEconomic Area (other than the United Kingdom). Subject to certain exceptions,the New Shares may not be offered or sold in the United States, Australia,Canada, Japan, the Republic of Ireland or the Republic of South Africa or anyother jurisdiction that is a member state of the European Economic Area (otherthan the United Kingdom) or to or for the account or benefit of any national,resident or citizen of any member state of the European Economic Area (otherthan the United Kingdom), Australia, Canada, Japan, the Republic of Ireland orthe Republic of South Africa or any person located in the United States.Placings under the Issue and the distribution of this announcement in otherjurisdictions may be restricted by law and the persons into whose possessionthis announcement comes should inform themselves about, and observe, any suchrestrictions.