TwentyFour Select Monthly Income Fund (LON:SMIF) Sets New 1-Year Low at $80.00

Shares of TwentyFour Select Monthly Income Fund Limited (LON:SMIFGet Rating) hit a new 52-week low on Friday . The stock traded as low as GBX 80 ($0.97) and last traded at GBX 80 ($0.97), with a volume of 701219 shares. The stock had previously closed at GBX 83 ($1.01).

The company’s fifty day simple moving average is GBX 86.40 and its two-hundred day simple moving average is GBX 90.25.

The business also recently disclosed a dividend, which will be paid on Friday, July 1st. Shareholders of record on Thursday, June 16th will be issued a dividend of GBX 0.50 ($0.01) per share. This represents a yield of 0.59%. The ex-dividend date is Thursday, June 16th.

In other TwentyFour Select Monthly Income Fund news, insider Ashley Paxton purchased 22,500 shares of TwentyFour Select Monthly Income Fund stock in a transaction dated Friday, April 1st. The shares were bought at an average cost of GBX 89 ($1.08) per share, for a total transaction of £20,025 ($24,305.13).

TwentyFour Select Monthly Income Fund Company Profile (LON:SMIF)

TwentyFour Select Monthly Income Fund Limited is a closed-ended fixed income mutual fund launched by Numis Securities Ltd. The fund is managed by TwentyFour Asset Management LLP. It invests in fixed income markets of the United Kingdom. The fund primarily invests in less liquid instruments across the debt spectrum, including asset backed securities, bank capital, corporate loans, high yield bonds, and leveraged loans issued by a wide variety of issuers.

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