Yesterday (Friday 28th April), the TwentyFour Select Monthly Income Fund paid out it’s monthly dividend of 0.5p to shareholders.

https://twentyfouram.com/en/funds/twentyfour-select-monthly-income-fund/

Security   Sector    % of whole fund
NWIDE 10.25 PERP CCDS  Banks    2.93
COVBS 6.375 PERP  Banks    2.48
SANUK 10.375   Banks    2.34
AVOCA 11X F   ABS    2.25
JUBIL 2014-12X F  ABS    2.19
BRACKN 10.5 11/15/21  REGS High Yield – EU  1.98
ALDMRE 11.875 PERP  Banks    1.89
ARGID 6.625 09/15/23  REGS High Yield – EU  1.85
CS 7.5 PERP   REGS Banks   1.84
HPARK 1X E   ABS    1.82

With 154.6 million shares in circulation: 154,600,000

Thus 154,600,000 x £0.005 = £773,000 was the cost of the dividend.

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=26656574

A yield of 7%. You read that correct.