TwentyFour Income Fund Limited
TFIF.L
London Stock Exchange113.80
GBp
+0.60
(+0.35%)
TwentyFour Income Fund Limited
TFIF.L
(London Stock Exchange)
Recent
price
113.80
P/E
ratio
9.43
div
yld
- -
ROIC.AI
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- Business
- TwentyFour Income Fund Limited (LSE:TFIF) is a closed-end investment company that seeks to generate attractive risk-adjusted returns, principally through income distributions, by investing in a diversified portfolio of asset-backed securities and related instruments. The fund's core offerings include investments in structured credit products such as asset-backed securities, residential mortgage-backed securities, commercial mortgage-backed securities, European consumer ABS, CLOs, and other credit instruments; it employs a dynamic asset allocation strategy across credit sectors, focusing on floating-rate assets to mitigate interest rate risk while targeting high yields. Managed by TwentyFour Asset Management LLP, the fund targets institutional and retail investors seeking income-oriented fixed income exposure with a emphasis on capital preservation and low duration. Founded in 2013 and headquartered in London, United Kingdom, the company operates primarily in Europe with investments spanning global credit markets, including the US, Europe, and emerging markets. Its business segments encompass structured credit, corporate credit, and opportunistic investments, serving a customer base of yield-seeking investors through listings on the London Stock Exchange. The fund maintains a market capitalization-focused structure with no parent company, functioning as a standalone Guernsey-domiciled entity regulated under UK listing rules. In recent developments, the fund announced a strategic tender offer in late 2024 to repurchase up to 10% of its shares, enhancing shareholder liquidity amid favorable market conditions. It also expanded its CLO equity exposure through selective new issuances in partnership with leading arrangers during 2025, capitalizing on recovering credit markets. Additionally, TwentyFour Income Fund launched enhanced ESG-integrated credit strategies in early 2025, aligning with regulatory shifts toward sustainable finance while maintaining its core high-income mandate.