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

Key Points

  • Insider purchase: Simon Richard Class acquired 25,000 shares on March 16 at an average price of GBX 85 per share, spending £21,250 in the transaction.
  • Market context: SMIF opened around GBX 84, has a market cap of £294.37m, a P/E of 8.66 and a 1‑year range of GBX 75.40–90 with 50/200‑day SMAs near GBX 87.
  • Fund strategy: TwentyFour Select Monthly Income Fund is a London‑listed closed‑ended vehicle investing in less liquid debt instruments, offering liquidity via exchange trading and a quarterly buyback facility.

TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report) insider Simon Richard Class purchased 25,000 shares of the business's stock in a transaction on Monday, March 16th. The shares were purchased at an average price of GBX 85 per share, with a total value of £21,250.

TwentyFour Select Monthly Income Fund Price Performance

LON:SMIF opened at GBX 84 on Tuesday. The company has a market cap of £294.37 million, a price-to-earnings ratio of 8.66 and a beta of 0.57. TwentyFour Select Monthly Income Fund Limited has a 1 year low of GBX 75.40 and a 1 year high of GBX 90. The stock's 50 day simple moving average is GBX 87.20 and its two-hundred day simple moving average is GBX 87.25.

About TwentyFour Select Monthly Income Fund

(Get Free Report)

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.

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at TwentyFour Select Monthly Income Fund?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for TwentyFour Select Monthly Income Fund and related companies.
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles