TwentyFour Select Monthly Income Fund Limited (LSE:SMIF) commences share repurchases on July 8, 2021, under the program mandated by the shareholders in the Annual General Meeting held on July 8, 2021. As per the mandate, the company is authorized to repurchase up to 94,119,259 shares, representing 50% of its issued share capital. The company will conduct tender offers every quarter till June 2022. Each Quarterly Tender is subject to a limit of 20% of the issued share capital. In the event of excess applications being received, such excess applications will be satisfied on a pro rata basis. The Company will calculate the Tender Price for each Quarterly Tender as at the relevant Tender NAV Determination Date. The repurchased shares will be held in treasury or cancelled by the company at the Board's discretion. The program is valid till June 1, 2022, being the deadline for the last quarter tender date. As at 7 June 2021, there were 188,238,518 Ordinary Shares in issue (the Company currently holds no Ordinary Shares in treasury).

On 1, 2021, the company concluded the September Quarter Tender Offer. Under the program, the company repurchased 29,931 ordinary shares.

Numis Securities Limited acted as a broker the company.