Fair Oaks Income Limited Reinvestment of Management Fees

RNS Number : 4796K

Fair Oaks Income Limited

01 November 2024

 

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)

 

REINVESTMENT OF MANAGEMENT FEES

 

The Company's 2021 prospectus stated that in the event that the Realisation Shares and 2021 Shares trade at discount to any quarter end NAV, calculated on the date that the relevant NAV is published, 25% of that quarter's investment management fees (in respect of the Realisation and 2021 Shares) would be reinvested to purchase Shares in the secondary market.

Accordingly, the Company has been notified that, following the announcement dated 15 October 2024 regarding the NAV as at 30 September 2024, Fair Oaks Income Fund (GP) Limited has purchased 19,936 Realisation Shares and 161,085 2021 Shares at a price below NAV in the secondary market.

LEI: 2138008KETEC1WM5YP90

 

Enquiries:

 

Fair Oaks Income Limited

Email: [e-mail]

Web: www.fairoaksincome.com

 

Fair Oaks Capital Limited

Investor Relations

DDI: [phone]

Email: [e-mail]

 

Sanne Fund Services (Guernsey) Limited

Email: [e-mail]

 

Numis Securities Limited

Nathan Brown/Matt Goss, Investment Banking

DDI: [phone]/1642

Email: [e-mail]

 

Liberum Capital Limited

Chris Clarke, Investment Banking

DDI: [phone]

Email: [e-mail]

 

 

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. 

Notes

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