TwentyFour Income Fund has published its results for the year ended 31 March 2016. They say the twelve month period to the end of March 2016 was one which presented significant ongoing issues to all markets from a variety of sources. Whilst the period saw the Company’s NAV per Share and Share Price drop 16.74p and 22.25p respectively (the NAV fell from 120.47p to 103.73p and the share price from 128p to 105.75p), dividends for the period totalled 7.14p, significantly ahead of the 6p target and up 7.4% on the previous year.
The manager’s report makes no mention of the performance of individual investments within the portfolio but instead describes the factors affecting their wider markets which you can read if you want in the annual report which should be posted on the company’s page fairly soon – we may also feature part of this in our economic and political roundup for July.
TFIF : TwentyFour Income Fund NAV dives