SMIF Twentyfour Select Monthly Income Fund Limited

11 July 2024

TwentyFour Select Monthly Income Fund Limited

(a non-cellular company limited by shares incorporated in the Island of Guernsey under the Companies (Guernsey) Law 2008, as amended, with registered number 57985 and registered as a Registered Closed-ended Collective Investment Scheme with the Guernsey Financial Services Commission. LEI: 549300P9Q5O2B3RDNF78)

Re: Dividend Announcement

The Directors of TwentyFour Select Monthly Income Fund Limited have declared that a dividend of 0.5 pence per share will be payable, in line with the Prospectus, representing the regular monthly targeted dividend for the financial period ended 30 June 2024 and an additional dividend of 0.25 pence will be paid as follows:

Ex-Dividend Date              18 July 2024
Record Date                       19 July 2024
Payment Date                    2 August 2024
Dividend per Share          0.75 pence (Sterling)

Given the ongoing interest rate environment the Directors have given careful consideration to the Company’s projected income for the year balanced against their assessment of risks inherent in achieving its target dividend payment of 6 pence per share per annum.  Based on this analysis the Directors believe that dividends payable in respect of the year ending 30 September 2024 are likely to be in excess of 7 pence per share, and consequently believe it is appropriate to pay an additional 0.25 pence per share, in addition to the regular monthly target dividend of 0.5 pence per share, for the period ended 30 June 2024.

The Directors will continue to monitor the position during the remainder of the year ending 30 September 2024 and, where possible to do so, will provide appropriate updates on dividend expectations.

For further information, please contact:

Deutsche Numis:
George Shiel                     +44 (0)20 7260 1000
Hugh Jonathan

TwentyFour Select Monthly Income Fund Limited:
John Magrath                   +44 (0)20 7015 8900
Alistair Wilson