Fair Oaks Income Limited

Share Issue/Capital Change • Aug 22, 2018

National Storage Mechanism | Additional information

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RNS Number : 4889Y

Fair Oaks Income Limited

22 August 2018

Fair Oaks Income Limited

22 August 2018

FAIR OAKS INCOME 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)

INTERIM FINANCIAL REPORT

The Board of Fair Oaks Income Limited is pleased to release the Interim Report for the period ended 30 June 2018.

Highlights

·      Fair Oaks Income Limited's (the "Company") Net Asset Value ("NAV") per 2017 Share was up 3.11% and the NAV per 2014 Share was up 3.61% for the period ended 30 June 2018 on a total return basis (with dividends reinvested), outperforming the Credit Suisse US Leveraged Loan Index, which was up 2.30% and the Credit Suisse US High Yield Index, which was up 0.08%.

·      As at 30 June 2018, the Company's total market capitalisation was US$479 million.

·      The Company's 2014 and 2017 share prices closed at a mid-price of US$0.9950 and US$0.9550 respectively on 29 June 2018 and traded at an average annual premium to NAV of 12.68% and 3.34% respectively during the first half of 2018.

·      On 3 April 2018, 35,000,000 new 2017 Shares were issued at US$0.973 per Share.

Click on, or paste the following link into your web browser to view the Interim Report.

http://www.rns-pdf.londonstockexchange.com/rns/4889Y_1-2018-8-21.pdf 

LEI: 2138008KETEC1WM5YP90

Enquiries:

Fair Oaks Income Limited

Email: [email protected]

Web: www.fairoaksincome.com

Fair Oaks Capital Limited

Investor Relations

DDI: +44 (0) 20 3034 0400

Email: [email protected]

Praxis Fund Services Limited

Ben Le Prevost

DDI: +44 (0) 1481 755524

Email: [email protected]

Numis Securities Limited

Nathan Brown, Corporate Broking

DDI: +44 (0) 20 7260 1426

Email: [email protected] 

Fair Oaks Income Limited

Fair Oaks Income Limited is a registered closed-ended investment company incorporated in Guernsey. The Company was admitted to trading on the Specialist Fund Market of the London Stock Exchange (now the Specialist Fund Segment of the Main Market of the London Stock Exchange) on 12 June 2014.

The investment policy of the Company is to invest (either directly and/or indirectly through FOIF LP (the "Master Fund") and/or FOMC II LP ("Master Fund II") in 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 remaining invested in the Master Fund and making new investments in Master Fund II.

Notes

This document is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective  investors are  advised  to seek  expert  legal, financial, tax  and other  professional advice  before making  any  investment decisions.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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