TWENTYFOUR SELECT MONTHLY INCOME FUND - Tender Results

PR Newswire
London, January 6

6 January 2016

TwentyFour Select Monthly Income Fund Limited

(a non-cellular company limited by shares incorporated in the Island of Guernsey under the Companies (Guernsey) Law 2008, as amended, with registered number 57985 and registered as a Registered Closed-ended Collective Investment Scheme with the Guernsey Financial Services Commission)

Re: Tender Submission Deadline Results

Re: Tender Results

The Directors of TwentyFour Select Monthly Income Fund Limited wish to declare the following in relation to the Company's quarterly tender for the period ending 30 December 2015 (the "Tender NAV Determination Date"):

• Total number of Tendered Shares as at the Tender NAV Determination Date:
  505,165 Shares
• Number of Placed Tendered Shares:
  505,165 Shares
• Number of Repurchased Tendered Shares:
  None - not applicable
• Net Asset Value per Ordinary Share as at the Tender NAV Determination Date:
  90.24 pence per Ordinary Share
• Average price achieved in the placing of Placed Tendered Shares:
  90.15 pence per Ordinary Share (latest published NAV as at 31 December 2015)
• Price at which Tendered Shares will be placed or repurchased (being a pro rata proportion of the aggregate proceeds received on the sale or repurchase of all Placed Tendered Shares and Repurchased Tendered Shares):
  90.15 pence per Ordinary Share (latest published NAV as at 31 December 2015)
• Pro Rata Scaling Back due to aggregate Tender Requests exceeding Quarterly Restriction/Annual Restriction:
  None - not applicable

For further information, please contact:

Numis Securities Limited:
Nathan Brown [phone]
Hugh Jonathan

TwentyFour Select Monthly Income Fund Limited:
John Magrath [phone]
Alistair Wilson