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

TwentyFour Select Monthly Income Fund Limited (LON:SMIF) insider Simon Richard Class purchased 25,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were acquired at an average cost of GBX 85 per share, for a total transaction of £21,250.

TwentyFour Select Monthly Income Fund Stock Down 1.9%

Shares of TwentyFour Select Monthly Income Fund stock opened at GBX 84 on Tuesday. The company has a market capitalization of £294.37 million, a price-to-earnings ratio of 8.66 and a beta of 0.57. The stock’s 50-day simple moving average is GBX 87.20 and its 200-day simple moving average is GBX 87.25. TwentyFour Select Monthly Income Fund Limited has a 52 week low of GBX 75.40 and a 52 week high of GBX 90.

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.