28th
March 2024
TwentyFour
Select Monthly Income Fund Limited
TwentyFour
Select Monthly Income Fund Limited (the "Company")
was incorporated with limited liability in Guernsey, as a
closed-ended investment company on 12
February 2014. The Company's shares were listed with a
Premium Listing on the Official List of the UK Listing Authority
and admitted to trading on the Main Market of the London Stock
Exchange ("LSE")
on 10 March 2014.
Re: TwentyFour
Update
TwentyFour
Update
The
Portfolio Manager of the Company, TwentyFour Asset Management
("TwentyFour" or "the firm"), would like to announce that
Mark Holman will be retiring from
the firm in June 2024.
Having helped
co-found the business in 2008, Mark stepped down from his role as
CEO at the end of 2021.
Mark has been
part of the Multi-Sector Bond investment team, which manages SMIF,
since it was launched in 2009, with the team subsequently growing
to 14 further investment professionals. In 2023, TwentyFour added
further experience and resource to the team by hiring Jakub Lichwa, an ex-Goldman Sachs financial
analyst with 13 years' experience,. Partner and portfolio manager
Felipe Villarroel will move back to
London from Santiago in Q2 2024, adding greater depth to
the London team.
Ben Hayward, CEO of TwentyFour, said "I would
personally like to thank Mark for playing a pivotal role in the
growth and success of the firm. He has embodied the character of
TwentyFour from the start, and made many important contributions to
TwentyFour and our clients both as CEO and a portfolio
manager."
Ben
continued, "We have built a very high calibre team of investment
professionals to lead us into the future. As a firm we have always
had robust transition plans and, as always, we strive to deliver
continued investment performance and client service
excellence."
Ashley Paxton, Chair of TwentyFour Select
Monthly Income Fund, said "the Board would like to thank Mark for
his contribution to the Company since its launch in 2014. We have
enjoyed working with Mark, and are grateful for his efforts in
building and developing such a strong multi-sector bond team. We
are confident that he has imparted his experience and knowledge
throughout this team and wish him all the best for his
retirement".
For
further information, please contact:
Numis
Securities Limited:
Nathan Brown
+44
(0)20 7260 1000
Hugh Jonathan
TwentyFour
Income Fund Limited:
John Magrath
+44
(0)20 7015 8900
Alistair Wilson