Fair Oaks Income Limited Dividend Declaration and Scrip Dividend Circular (6882A)
January 02 2018 - 4:00AM
UK Regulatory
TIDMFAIR TIDMTTM TIDMFA14
RNS Number : 6882A
Fair Oaks Income Limited
02 January 2018
Fair Oaks Income Limited
2 January 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)
DIVIDEND DECLARATION AND SCRIP DIVIDEND CIRCULAR
Dividends for Month Ended 31 December 2017
The Directors of Fair Oaks Income Limited have declared that
interim dividends will be payable as follows in respect of the
month ended 31 December 2017:
Ex-Dividend Date: 11 January 2018
Record Date: 12 January 2018
Payment Date: 9 February 2018
Dividend rate for 2014 Shareholders: 10.02 US cents per share
Dividend rate for 2017 Shareholders: 5.75 US cents per share
The Company will be offering a scrip dividend alternative, to
the 2017 Shareholders only, for this dividend, under which 2017
Shareholders may elect to receive new 2017 Shares in lieu of the
cash dividend. The price of a new 2017 Share to be issued under the
scrip dividend alternative will be calculated as the higher of (i)
the prevailing net asset value per 2017 Share; and (ii) the average
of the Company's closing middle market price of a 2017 Share for
the five consecutive dealing days commencing on the ex-dividend
date of 11 January 2018. The reference price of the scrip 2017
Shares in respect of the interim dividend will be calculated on 17
January 2018 then published on 18 January 2018.
A circular will be sent to 2017 Shareholders on or around 12
January 2018 and will be available on the Company's website from
the date of posting. Shareholders who wish to receive all or part
of the interim dividend by way of 2017 Shares in the Company should
complete a Scrip Dividend Mandate election as detailed in the
circular by 5.00pm on 26 January 2018.
The default payment for dividends remains in US Dollars however,
dividends are now capable of being paid in Sterling provided that
the relevant shareholder has registered to receive their dividend
in Sterling under the Company's Dividend Currency Election. A copy
of the Dividend Currency Election form, which should be sent to
Link Asset Services, The Registry, 34 Beckenham Road, Beckenham,
Kent, BR3 4TU when completed can be found on the Company's website
at http://www.fairoaksincome.com.
CREST shareholders must elect via CREST.
Dividends will be paid gross of tax.
LEI: 2138008KETEC1WM5YP90
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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