Fair Oaks Income Limited Further re Potential Share Issue (2930W)
November 13 2017 - 4:00AM
UK Regulatory
TIDMFAIR TIDMTTM TIDMFA14
RNS Number : 2930W
Fair Oaks Income Limited
13 November 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE
REPUBLIC OF IRELAND, JAPAN OR ANY JURISDICTION IN WHICH THE SAME
WOULD BE UNLAWFUL.
This announcement does not constitute or form part of, and
should not be construed as, any offer for sale or subscription of,
or solicitation of any offer to buy or subscribe for, any shares in
Fair Oaks Income Limited or securities in any other entity, in any
jurisdiction, including the United States, nor shall it, or any
part of it, or the fact of its distribution, form the basis of, or
be relied on in connection with, any contract or investment
decision whatsoever, in any jurisdiction. This announcement does
not constitute a recommendation regarding any securities.
Fair Oaks Income Limited
13 November 2017
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)
LEI: 2138008KETEC1WM5YP90
FURTHER RE: POTENTIAL SHARE ISSUE
Further to today's publication of the estimated unaudited Net
Asset Value of US$0.9948 per 2017 Share as at the close of business
on 31 October 2017, the Company announces that the issue price per
new 2017 Share ("New Share") will be US$1.0075. This represents a
premium of approximately 2% to the published NAV (less the monthly
interim dividend of 0.7 US cents declared on 31 October 2017 which
will not be payable on the New Shares).
The issue of New Shares is available to Qualified Investors, who
are invited to apply through the Company's corporate broker, Numis,
on the contact details below. The issue is expected to close at
12:30 on 16 November 2017, with admission of the New Shares
scheduled on 17 November 2017.
The closing date and the size of the issue, and the decision to
allot New Shares to any Qualified Investor, will be determined at
the absolute discretion of the Company and Numis. Application will
be made to the London Stock Exchange for the New Shares to be
admitted to trading on the Specialist Fund Segment of the Main
Market.
Enquiries:
Fair Oaks Income Limited
Email: contact@fairoaksincome.com
Web: www.fairoaksincome.com
Fair Oaks Capital Limited
Investor Relations
DDI: +44 (0) 20 3034 0400
Email: ir@fairoakscap.com
Praxis Fund Services Limited
Ben Le Prevost
DDI: +44 (0) 1481 755524
Email: Ben.LePrevost@praxisifm.com
Numis Securities Limited
Nathan Brown, Corporate Broking
DDI: +44 (0) 20 7260 1426
Email: n.brown@numis.com
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 the Master Fund and/or 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.
Important Information
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 announcement has been prepared by, and is the sole
responsibility of, Fair Oaks Income Limited.
Numis Securities Limited ("Numis") is acting only for the
Company in connection with the matters described in this
announcement and is not acting for or advising any other person, or
treating any other person as its client, in relation thereto and
will not be responsible for providing the regulatory protection
afforded to clients of Numis or advice to any other person in
relation to the matters contained herein.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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