TwentyFour Income aims to generate attractive risk-adjusted returns, principally through income distributions by investing in a diversified portfolio of UK and European asset backed securities (less liquid, higher yielding, asset backed securities).
TwentyFour Income is targeting a dividend of at least 6% per annum (5% in the first year), payable quarterly, and a net total return of 7-10% per annum, and offers the opportunity to elect for redemption of shareholding after 3 years. Due to the predominantly floating rate nature of the portfolio, returns are expected to increase as interest rates rise. At least 50% of the portfolio will be investment grade rated at the time of the initial investment.