Fair Oaks Income Limited Interim Financial Report (5250Y)
September 09 2020 - 10:15AM
UK Regulatory
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RNS Number : 5250Y
Fair Oaks Income Limited
09 September 2020
9 September 2020
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 2020.
Highlights
-- Fair Oaks Income Limited's (the "Company") Net Asset Value
("NAV") per 2017 Share was down 33.3% (30 June 2019: up 2.4%) for
the six month period ended 30 June 2020 on a total return basis
(with dividends reinvested).
-- As at 30 June 2020, the Company's total market capitalisation was US$210 million.
-- The Company's 2017 shares closed at a price of US$0.4500 on
30 June 2020. The 2017 Shares traded at an average discount to NAV
of 9.35% during the six month period ended 30 June 2020.
-- During April 2020, the Company announced an issue to satisfy
market demand of 15,029,623 new 2017 Shares at an issue price of
US$0.372 per new 2017 Share.
-- The Company declared dividends of 2.1 US cents per 2017 Share
in the six month period ended 30 June 2020. Cumulative dividends
since the inception of the Company per 2017 Share are 63.1 US
cents.
Click on, or paste the following link into your web browser to
view the Interim Report.
http://www.rns-pdf.londonstockexchange.com/rns/5250Y_1-2020-9-9.pdf
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 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.
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.
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END
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