Notice of Dividend Amount • Jul 30, 2015
Notice of Dividend Amount
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RNS Number : 4643U
Fair Oaks Income Fund Limited
30 July 2015
Fair Oaks Income Fund Limited
30 July 2015
FAIR OAKS INCOME FUND LIMITED (the "Company")
(Incorporated in Guernsey under The Companies (Guernsey) Law, 2008, as amended, with registered number 58123 and registered as a Registered Closed-ended Collective Investment Scheme with the Guernsey Financial Services Commission)
DIVIDEND DECLARATION
Dividend for Month Ended 31 July 2015
The Directors of Fair Oaks Income Fund Limited have declared that an interim dividend will be payable as follows in respect of the month ended 31 July 2015:
Ex-Dividend Date: 6 August 2015
Record Date: 7 August 2015
Payment Date: 20 August 2015
Dividend per Share: 0.7 US cents per share
Enquiries:
Fair Oaks Income Fund Limited
Email: [email protected]
Web: www.fairoaksincomefund.com
Fair Oaks Capital Limited
Miguel Ramos Fuentenebro
DDI: +44 (0) 20 31024855
Email: [email protected]
Praxis Fund Services Limited
Ben Le Prevost
DDI: +44 (0) 1481 755524
Email: [email protected]
Camarco
Edward Gascoigne-Pees
Hazel Stevenson
DDI: +44 (0) 203757 4989
Email: [email protected] / [email protected]
Numis Securities Limited
Nathan Brown, Corporate Broking
DDI: +44 (0) 20 7260 1426
Email: [email protected]
Fair Oaks Income Fund Limited
Fair Oaks Income Fund Limited is an authorised closed-ended investment company incorporated in Guernsey. The Company was admitted to trading on the Specialist Fund Market of the London Stock Exchange on 12 June 2014. The Company's ordinary shares have the TIDM: FAIR and ISIN: GG00BMBN1D14.
The investment policy of the Company is to seek exposure to US and European CLOs or other vehicles and structures which provide exposure to portfolios consisting primarily of US and European floating-rate senior secured loans and which may include non-recourse financing. The Company will implement its investment policy by investing in Fair Oaks Income Fund LP (the "Master Fund").
The investment objective of the Company is to generate attractive, risk-adjusted returns, principally through income distributions. On the basis of market conditions as at the date of its prospectus, and based on the $1 per share issue price, the Company is targeting a net total return of between 12 and 14 per cent. per annum* over the planned life of the Master Fund.
Notes
*This is a target only and not a profit forecast. There can be no assurance that this target will be met or that the Company will make any distributions at all. This target return should not be taken as an indication of the Company's expected or actual current or future results. The Company's actual return will depend upon a number of factors. Shareholders and potential investors should decide for themselves whether or not the return is reasonable and achievable.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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