The TwentyFour Income Fund has announced it will introduce a dividend reinvestment plan in response to shareholder demand.
The plan will allow shareholders in the fund to reinvest their cash dividend or continue receiving their dividend as income. Individual shareholders who elect to reinvest their cash dividend will be able to reinvest the full amount via Computershare.
Computershare will then use the cash dividend to buy new shares in the company either on or as soon as reasonably practicable after each dividend payment date.
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Shareholders invested in the fund via a retail platform may find their dividend can be reinvested automatically through the platform. The plan will be available for shareholder participation on payment of the full-year dividend for those on the register as at 24 April 2026.
For the current financial year to date, the company has paid a dividend of 2p per quarter, in line with its target for the year, with the final, balancing dividend announced after the year-end on the 31 March 2026.
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“The introduction of a dividend reinvestment plan means investors can now choose whether to take their dividend as income or reinvest it to take advantage of the accumulation benefits, increasing their shareholding and thereby their share of future dividend payments,” said Bronwyn Curtis OBE, chair of the TwentyFour Income Fund.
“Investors who wish to learn more about the process and hear an update on the Company and its portfolio may join our next IMC presentation on the 25 February 2026.”
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