Full details on the Twentyfour Select Monthly Inc Fund Tender Offer, including instructions on how to participate, the options available to you, and any deadline applicable.
Twentyfour Select Monthly Inc Fund

TWENTYFOUR SELECT MONTHLY INC FUND - TENDER OFFER

Corporate action reference: 201501066

Please note we must be in receipt of your instruction by 27 August 2015.
 

EVENT TERMS:

Shareholders can tender up to approximately 20% of their shares (Basic Entitlement)

Tenders in excess of the basic entitlement of approximately 20% of holdings will only be satisfied to the extent that other shareholders tender less than their basic entitlements.

The tender price will be dependent upon the price obtained for placed tendered shares with the minimum tender price set at a rate which represents a 2% discount to the 29 September 2015 Net Asset Value.

As you hold your shares with a nominee you may have your election scaled back by a greater or lesser percentage than you would if you held your shares in your own name.

If you would like further information about the terminology used in this notification, please visit our Ask A Question site.
 

EVENT OPTIONS:

OPTION 1: Cash - Basic Entitlement
OPTION 2: Oversubscribe

Option 3: No Action (Default)
 
IF YOU WISH TO TAKE NO ACTION, OPTION 3, PLEASE DO NOT REPLY.
 

ADDITIONAL INFORMATION

We will aim to update your account within 5 business days of receiving the proceeds.
 
Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.
 
By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.
 
Please note that this page does not constitute investment advice. If you are unsure of what option to take please contact your financial advisor.
 
IF YOU ARE AN ISA OR SIPP CLIENT YOUR OPTIONS MAY DIFFER.

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