Fair Oaks Income Dividends - FAIR

Fair Oaks Income Dividends - FAIR

Buy
Sell
Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
£62.08
Silver
Monthly Subscription
for only
£17.37
UK/US Silver
Monthly Subscription
for only
£30.59
VAT not included
Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Fair Oaks Income Limited FAIR London Ordinary Share GG00BF00L342 2017 SHS NPV
  Price Change Price Change % Stock Price Last Trade
0.0025 0.39% 0.64 08:00:08
Open Price Low Price High Price Close Price Previous Close
0.64 0.64 0.6425 0.6375
more quote information »

Fair Oaks Income FAIR Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
03/03/2020InterimUSX0.731/12/201831/12/201912/03/202013/03/202026/03/20208.4
06/02/2020InterimUSX0.731/12/201831/12/201913/02/202014/02/202027/02/20200
09/01/2020InterimUSX0.731/12/201831/12/201916/01/202017/01/202030/01/20200
03/12/2019InterimUSX0.730/05/201930/09/201912/12/201913/12/201927/12/20190
04/11/2019InterimUSX0.730/05/201930/09/201914/11/201915/11/201928/11/20190
30/09/2019InterimUSX0.730/05/201930/09/201910/10/201911/10/201924/10/20190
03/09/2019InterimUSX0.730/12/201830/06/201912/09/201913/09/201926/09/20190
30/07/2019InterimUSX0.730/12/201830/06/201908/08/201909/08/201922/08/20190
02/07/2019InterimUSX0.730/12/201830/06/201911/07/201912/07/201925/07/20190
03/06/2019InterimUSX0.701/12/201831/03/201913/06/201914/06/201927/06/20190
30/04/2019InterimUSX0.701/12/201831/03/201909/05/201910/05/201923/05/20190
04/04/2019InterimUSX0.701/12/201831/03/201911/04/201912/04/201925/04/20190
05/03/2019InterimUSX0.731/12/201731/12/201814/03/201915/03/201928/03/20198.4
06/02/2019InterimUSX0.731/12/201731/12/201814/02/201915/02/201928/02/20190
10/01/2019InterimUSX0.731/12/201731/12/201817/01/201918/01/201931/01/20190
04/12/2018InterimUSX0.730/05/201830/09/201813/12/201814/12/201828/12/20180
30/10/2018InterimUSX0.730/05/201830/09/201808/11/201809/11/201822/11/20180
02/10/2018InterimUSX0.730/05/201830/09/201811/10/201812/10/201825/10/20180
31/07/2018InterimUSX0.730/12/201730/06/201809/08/201810/08/201823/08/20180
03/07/2018InterimUSX0.730/12/201730/06/201812/07/201813/07/201826/07/20180
05/06/2018InterimUSX0.730/12/201730/06/201814/06/201815/06/201828/06/20180
01/05/2018InterimUSX0.701/12/201731/03/201810/05/201811/05/201824/05/20180
03/04/2018InterimUSX0.701/12/201731/03/201812/04/201813/04/201826/04/20180
27/02/2018InterimUSX0.701/12/201731/03/201808/03/201809/03/201822/03/20180
02/01/2018InterimUSX10.0231/12/201631/12/201711/01/201812/01/201809/02/201817.72
29/11/2017InterimUSX0.731/12/201631/12/201707/12/201708/12/201721/12/20170
31/10/2017InterimUSX0.731/12/201631/12/201709/11/201710/11/201723/11/20170
25/09/2017InterimUSX0.730/05/201730/09/201705/10/201706/10/201719/10/20170
25/08/2017InterimUSX0.730/05/201730/09/201707/09/201708/09/201721/09/20170
25/07/2017InterimUSX0.730/05/201730/09/201703/08/201704/08/201717/08/20170
27/06/2017InterimUSX0.730/12/201630/06/201706/07/201707/07/201720/07/20170
30/05/2017InterimUSX0.730/12/201630/06/201708/06/201709/06/201722/06/20170
26/04/2017InterimUSX0.730/12/201630/06/201704/05/201705/05/201718/05/20170
03/04/2017InterimUSX0.701/12/201631/03/201717/04/201718/04/201728/04/20170
03/03/2017InterimUSX0.701/12/201631/03/201716/03/201717/03/201730/03/20170
03/02/2017InterimUSX0.701/12/201631/03/201716/02/201717/02/201728/02/20170
04/01/2017InterimUSX5.7531/12/201531/12/201612/01/201713/01/201702/02/201713.45
29/11/2016InterimUSX0.731/12/201531/12/201608/12/201609/12/201622/12/20160
26/10/2016InterimUSX0.731/12/201531/12/201603/11/201604/11/201624/11/20160
26/09/2016InterimUSX0.730/05/201630/09/201606/10/201607/10/201620/10/20160
26/08/2016InterimUSX0.730/05/201630/09/201608/09/201609/09/201622/09/20160
28/07/2016InterimUSX0.730/05/201630/09/201604/08/201605/08/201618/08/20160
29/06/2016InterimUSX0.730/12/201530/06/201607/07/201608/07/201621/07/20160
20/05/2016InterimUSX0.730/12/201530/06/201602/06/201603/06/201623/06/20160
22/04/2016InterimUSX0.730/12/201530/06/201605/05/201606/05/201619/05/20160
30/03/2016InterimUSX0.701/12/201531/03/201607/04/201608/04/201621/04/20160
23/02/2016InterimUSX0.701/12/201531/03/201603/03/201604/03/201624/03/20160
25/01/2016InterimUSX0.701/12/201531/03/201611/02/201612/02/201626/02/20160
17/12/2015FinalUSX2.2331/12/201431/12/201524/12/201529/12/201513/01/20169.93
01/12/2015InterimUSX0.731/12/201431/12/201510/12/201511/12/201524/12/20150
28/10/2015InterimUSX0.731/12/201431/12/201505/11/201506/11/201519/11/20150
01/10/2015InterimUSX0.730/05/201530/09/201508/10/201509/10/201522/10/20150
28/08/2015InterimUSX0.730/05/201530/09/201510/09/201511/09/201524/09/20150
30/07/2015InterimUSX0.730/05/201530/09/201506/08/201507/08/201520/08/20150
01/07/2015InterimUSX0.730/12/201430/06/201509/07/201510/07/201523/07/20150
29/05/2015InterimUSX0.730/12/201430/06/201511/06/201512/06/201525/06/20150
27/04/2015InterimUSX0.730/12/201430/06/201507/05/201508/05/201521/05/20150
27/03/2015InterimUSX0.701/12/201431/03/201509/04/201510/04/201523/04/20150
24/02/2015InterimUSX0.701/12/201431/03/201505/03/201506/03/201519/03/20150
28/01/2015InterimUSX0.701/12/201431/03/201505/02/201506/02/201519/02/20150
16/01/2015InterimUSX4.2531/12/201331/12/201429/01/201530/01/201512/02/20154.25

Top Dividend Posts

DateSubject
14/12/2020
21:10
rambutan2: As at the close of business on 30 November 2020 the estimated unaudited Net Asset Value of the Company's Shares was as follows: Fund Name: Fair Oaks Income Limited NAV 2017 Shares USD: 0.5877 Monthly Performance: 6.95%
27/11/2020
17:31
grahamg8: NASA started assembling the SLS rocket on 19 November. The biggest in the world (of course), just about matched by the FAIR share price with a bit of luck.
20/10/2020
06:28
grahamg8: Dividend, yesssss. See post #126. In fact 2.2c in the quarter is higher than the historic 0.7c per month. Another jump in NAV bodes well for an share price rise when the markets open. Although down on capital over my 5 year holding, when the dividends are added back I am in the black, wow. Plus traded out at the end of 2016 and bought back in early 2018 for a little extra return. Overall not too unhappy with the way things have gone. Still disgruntled with the new share issue as I can't help feeling there was a bit of sculduggery in crashing the share price and then almost immediately bringing in new investors at a rock bottom price.
17/9/2020
06:45
grahamg8: What we haven't been told and probably never will be is how big a discount the CLO's were sold for. We can but hope the overall move will be beneficial. Signs for another dividend next quarter look good. Monthly NAV changes -50.52%, +13.04%, +10.03%, +8.45%, +2.83%, +4.14% suggests interest is being serviced and defaults generally remain low.
25/7/2020
20:55
rambutan2: Latest factsheet: httPs://www.fairoaksincome.com/~/media/Files/F/Fair-Oaks-IF/Fair%20Oaks%20Income%20Fund%20-%20Jun-20.pdf
20/7/2020
06:19
spectoacc: Another good month: NAV Monthly Performance Fair Oaks Income Limited 2017 Shares USD 0.4914 +8.45% And: "In light of the continued performance and the increased resilience of Master Fund II's investments, the Board has decided to resume the payment of dividends, on a quarterly basis and at a variable rate. The Company expects to announce the first quarterly dividend at the end of July in an amount of approximately 1.5 cents per share. The Master Funds received distributions on all equity investments in April and, with all investments passing their over-collateralisation tests, distributions are also expected on all investments in July. Furthermore, the opportunistic investments made in the second quarter have resulted in the portfolio consisting of 48% CLO debt by market value. This increases the resilience and predictability of Master Fund II and the Company's cash flow."
02/7/2020
09:29
cerrito: also yieldsearch, I agree with you that I get a better feel from VTA about what they are doing from FAIR. Do you have a view as to why over the last 3/4 years VTA has traded at a much bigger discount than FAIR, who indeed sometimes have traded at a premium.
01/7/2020
12:40
yieldsearch: sure np. You may want to look at Volta finance, similar investment but seems to be better asset allocation/better asset manager. The reporting on volta is explaining the CLO structure and the income diversion. Also if you look also at the historical price on volta (ie more than 10 years, look at what happpened in the last crisis), you will see that those vehicle are extremely volatile. there is a reason for high dividend.. re fair (and other clo vehicle): as long as the default of assets held by clos are not crystallising losses (that is the big IF), eventually the NAV will go back up and clo coupon will be paid and fair dvd paid. timing uncertain though and big IF!!
19/5/2020
19:50
rambutan2: As expected, nav up in April for what it's worth. More interesting perhaps is that the manager is busy... htTps://www.fairoaksincome.com/~/media/Files/F/Fair-Oaks-IF/Fair%20Oaks%20Income%20Fund%20-%20Apr-20.pdf
15/4/2020
08:34
yieldsearch: Davebowler post in the VTA board, copied below: Liberum; Large mark-to-market NAV impact in March VTA: Mkt Cap £123m | Prem/(disc) -23.4% | Div yield n/a - Suspended FAIR: Mkt Cap £144m | Prem/(disc) 9.8% | Div yield n/a - Suspended Event Volta Finance and Fair Oaks Income Fund have both reported large NAV writedowns for the month of March: Volta Finance's NAV per share fell by 32.4% in March to €5.06. Mark-to-market performance across the company's asset classes was -36.9% for CLO equity, -41.3% for CLO debt, +0.1% for cash corporate credit and -4.5% for bank balance sheet transactions. Average prices for CLO equity tranches were 43.6c and 28.9c respectively for USD and Euro positions. USD CLO debt tranches were priced at 54.3c. Fair Oaks Income Fund's NAV total return in the month was -50.5%. The average valuation for BB and B rated CLO tranches in the portfolio was 54c and 45c respectively. All of the investments are in full compliance with their overcollateralisation tests. Both managers expect to see a rise in loan downgrades to CCC, followed by an increase in loan defaults. Volta expects to see partial diversion of CLO equity cash flows from July due to an increase in CCC-rated loans in CLO portfolios. Over the longer term, the manager expects a downgrade in underlying loans to the point where CCC-rated loans reach c.15% on average of CLO portfolios. This could trigger a diversion of payments away from CLO equity tranches. Market expectations are for an increase in loan defaults to c.10%, in line with the global financial crisis. The spike in defaults in 2009 was relatively short-lived, with a significant reduction in 2010. Due to the increased prevalence of covenant-lite loans, Volta believes default rates may be above average for a number of years, but there is unlikely to be an increase as sharp as occurred in 2009. This would be beneficial for CLO equity positions as it would allow more time for reinvestment of capital into loans at a discount. Volta has sought to maximise balance sheet liquidity. Four positions have been sold for a total of €9.7m to fund margin calls on FX hedges and drawdowns. These disposals resulted in a loss of €0.13 per share in the month. The amount of currency hedging has been reduced to minimise margin calls and Volta previously announced the cancellation of the April dividend. Cash on the balance sheet at the month-end was almost enough to close the repurchase agreement. April is typically a month of relatively high cash flows due to quarterly payments from the CLOs. Liberum view CLO structures include a number of protections that are designed to protect senior noteholders from losses including overcollateralisation tests, interest coverage tests and limits on CCC-rated loans. The typical limit on CCC-rated loans within portfolios is 7.5%. A breach of this limit could leads to payments being diverted to repay the senior debt tranches of the CLO. The repayment of the senior debt would increase the average cost of financing within the structure and reduce the excess spread for CLO equity tranches. S&P Global estimated that 19% of US broadly syndicated CLO loan pools comprised B- loans at the end of 2019. Rating agencies were criticised for acting too slowly in the 2008-09 financial crisis and are likely to be much quicker in responding with downgrades this time around. These weaker credits lack flexibility to withstand the impact on revenues during a global recession Both managers have outlined that the depressed valuations offer potential for high returns, as in 2009. Based on the current valuations, Fair Oaks models a 21.2% gross IRR for the portfolio after stressing the loan-level assumptions (9% default rate in year 1, 3.5% thereafter with 60% recovery rate). The principals of the manager intend to personally invest $0.65m in Master Fund II alongside a new commitment in the fund. We also note the c.4% increase in US and European loan indices to date in April, offering the potential for a partial NAV recovery this month
ADVFN Advertorial
Your Recent History
LSE
FAIR
Fair Oaks ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210122 14:16:02