Fair Oaks Income Limited Annual Financial Report (5031W)
April 26 2021 - 01:00AM
UK Regulatory
TIDMFAIR TIDMFA17 TIDMTTM
RNS Number : 5031W
Fair Oaks Income Limited
26 April 2021
26 April 2021
Fair Oaks Income Limited
(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)
Annual Financial Report
Fair Oaks Income Limited (the "Company") is pleased to release
the Annual Report and Audited Financial Statements for the year
ended 31 December 2020 .
Highlights
-- Fair Oaks Income Limited's (the "Company") Net Asset Value
("NAV") per 2017 Share was down 8.3% (31 December 2019: down 0.7%)
for the year ended 31 December 2020 on a total return basis (with
dividends reinvested.
-- As at 31 December 2020, the Company's total market capitalisation was US$289 million.
-- The Company's 2017 share price closed at a mid-price of
US$0.6175 on 31 December 2020. The 2017 Shares traded at an average
discount to NAV of -6.1% during the year.
-- 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 5.8 US cents per 2017 Share
in 2020, equivalent to a 9.4% dividend yield on the closing
mid-share price on 31 December 2020. Cumulative dividends since the
inception of the Company per 2017 Share are 66.8 US cents.
Click on, or paste the following link into your web browser to
view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/5031W_1-2021-4-23.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
Liberum Capital Limited
Chris Clarke, Investment Banking
DDI: +44 (0) 20 3100 2190
Email: chris.clarke@liberum.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 Master Fund II and Master Fund
III) 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 II and making new
investments in Master Fund III.
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 rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
FR SEAFMDEFSEEL
(END) Dow Jones Newswires
April 26, 2021 02:00 ET (06:00 GMT)
Fair Oaks Income (LSE:FAIR)
Historical Stock Chart
From Feb 2024 to Mar 2024
Fair Oaks Income (LSE:FAIR)
Historical Stock Chart
From Mar 2023 to Mar 2024