Fair Oaks Income Dividends - FAIR

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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	0.38%	0.6525	08:00:26

Open Price	Low Price	High Price	Close Price	Previous Close
0.6525	0.64	0.6525	0.6525	0.65

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
02/02/2021	Interim	USX	2.5	31/12/2019	31/12/2020	11/02/2021	12/02/2021	26/02/2021	6.2
20/10/2020	Interim	USX	2.2	30/05/2020	30/09/2020	05/11/2020	06/11/2020	19/11/2020	0
30/07/2020	Interim	USX	1.5	30/12/2019	30/06/2020	06/08/2020	07/08/2020	20/08/2020	0
03/03/2020	Interim	USX	0.7	31/12/2018	31/12/2019	12/03/2020	13/03/2020	26/03/2020	8.4
06/02/2020	Interim	USX	0.7	31/12/2018	31/12/2019	13/02/2020	14/02/2020	27/02/2020	0
09/01/2020	Interim	USX	0.7	31/12/2018	31/12/2019	16/01/2020	17/01/2020	30/01/2020	0
03/12/2019	Interim	USX	0.7	30/05/2019	30/09/2019	12/12/2019	13/12/2019	27/12/2019	0
04/11/2019	Interim	USX	0.7	30/05/2019	30/09/2019	14/11/2019	15/11/2019	28/11/2019	0
30/09/2019	Interim	USX	0.7	30/05/2019	30/09/2019	10/10/2019	11/10/2019	24/10/2019	0
03/09/2019	Interim	USX	0.7	30/12/2018	30/06/2019	12/09/2019	13/09/2019	26/09/2019	0
30/07/2019	Interim	USX	0.7	30/12/2018	30/06/2019	08/08/2019	09/08/2019	22/08/2019	0
02/07/2019	Interim	USX	0.7	30/12/2018	30/06/2019	11/07/2019	12/07/2019	25/07/2019	0
03/06/2019	Interim	USX	0.7	01/12/2018	31/03/2019	13/06/2019	14/06/2019	27/06/2019	0
30/04/2019	Interim	USX	0.7	01/12/2018	31/03/2019	09/05/2019	10/05/2019	23/05/2019	0
04/04/2019	Interim	USX	0.7	01/12/2018	31/03/2019	11/04/2019	12/04/2019	25/04/2019	0
05/03/2019	Interim	USX	0.7	31/12/2017	31/12/2018	14/03/2019	15/03/2019	28/03/2019	8.4
06/02/2019	Interim	USX	0.7	31/12/2017	31/12/2018	14/02/2019	15/02/2019	28/02/2019	0
10/01/2019	Interim	USX	0.7	31/12/2017	31/12/2018	17/01/2019	18/01/2019	31/01/2019	0
04/12/2018	Interim	USX	0.7	30/05/2018	30/09/2018	13/12/2018	14/12/2018	28/12/2018	0
30/10/2018	Interim	USX	0.7	30/05/2018	30/09/2018	08/11/2018	09/11/2018	22/11/2018	0
02/10/2018	Interim	USX	0.7	30/05/2018	30/09/2018	11/10/2018	12/10/2018	25/10/2018	0
31/07/2018	Interim	USX	0.7	30/12/2017	30/06/2018	09/08/2018	10/08/2018	23/08/2018	0
03/07/2018	Interim	USX	0.7	30/12/2017	30/06/2018	12/07/2018	13/07/2018	26/07/2018	0
05/06/2018	Interim	USX	0.7	30/12/2017	30/06/2018	14/06/2018	15/06/2018	28/06/2018	0
01/05/2018	Interim	USX	0.7	01/12/2017	31/03/2018	10/05/2018	11/05/2018	24/05/2018	0
03/04/2018	Interim	USX	0.7	01/12/2017	31/03/2018	12/04/2018	13/04/2018	26/04/2018	0
27/02/2018	Interim	USX	0.7	01/12/2017	31/03/2018	08/03/2018	09/03/2018	22/03/2018	0
02/01/2018	Interim	USX	10.02	31/12/2016	31/12/2017	11/01/2018	12/01/2018	09/02/2018	17.72
29/11/2017	Interim	USX	0.7	31/12/2016	31/12/2017	07/12/2017	08/12/2017	21/12/2017	0
31/10/2017	Interim	USX	0.7	31/12/2016	31/12/2017	09/11/2017	10/11/2017	23/11/2017	0
25/09/2017	Interim	USX	0.7	30/05/2017	30/09/2017	05/10/2017	06/10/2017	19/10/2017	0
25/08/2017	Interim	USX	0.7	30/05/2017	30/09/2017	07/09/2017	08/09/2017	21/09/2017	0
25/07/2017	Interim	USX	0.7	30/05/2017	30/09/2017	03/08/2017	04/08/2017	17/08/2017	0
27/06/2017	Interim	USX	0.7	30/12/2016	30/06/2017	06/07/2017	07/07/2017	20/07/2017	0
30/05/2017	Interim	USX	0.7	30/12/2016	30/06/2017	08/06/2017	09/06/2017	22/06/2017	0
26/04/2017	Interim	USX	0.7	30/12/2016	30/06/2017	04/05/2017	05/05/2017	18/05/2017	0
03/04/2017	Interim	USX	0.7	01/12/2016	31/03/2017	17/04/2017	18/04/2017	28/04/2017	0
03/03/2017	Interim	USX	0.7	01/12/2016	31/03/2017	16/03/2017	17/03/2017	30/03/2017	0
03/02/2017	Interim	USX	0.7	01/12/2016	31/03/2017	16/02/2017	17/02/2017	28/02/2017	0
04/01/2017	Interim	USX	5.75	31/12/2015	31/12/2016	12/01/2017	13/01/2017	02/02/2017	13.45
29/11/2016	Interim	USX	0.7	31/12/2015	31/12/2016	08/12/2016	09/12/2016	22/12/2016	0
26/10/2016	Interim	USX	0.7	31/12/2015	31/12/2016	03/11/2016	04/11/2016	24/11/2016	0
26/09/2016	Interim	USX	0.7	30/05/2016	30/09/2016	06/10/2016	07/10/2016	20/10/2016	0
26/08/2016	Interim	USX	0.7	30/05/2016	30/09/2016	08/09/2016	09/09/2016	22/09/2016	0
28/07/2016	Interim	USX	0.7	30/05/2016	30/09/2016	04/08/2016	05/08/2016	18/08/2016	0
29/06/2016	Interim	USX	0.7	30/12/2015	30/06/2016	07/07/2016	08/07/2016	21/07/2016	0
20/05/2016	Interim	USX	0.7	30/12/2015	30/06/2016	02/06/2016	03/06/2016	23/06/2016	0
22/04/2016	Interim	USX	0.7	30/12/2015	30/06/2016	05/05/2016	06/05/2016	19/05/2016	0
30/03/2016	Interim	USX	0.7	01/12/2015	31/03/2016	07/04/2016	08/04/2016	21/04/2016	0
23/02/2016	Interim	USX	0.7	01/12/2015	31/03/2016	03/03/2016	04/03/2016	24/03/2016	0
25/01/2016	Interim	USX	0.7	01/12/2015	31/03/2016	11/02/2016	12/02/2016	26/02/2016	0
17/12/2015	Final	USX	2.23	31/12/2014	31/12/2015	24/12/2015	29/12/2015	13/01/2016	9.93
01/12/2015	Interim	USX	0.7	31/12/2014	31/12/2015	10/12/2015	11/12/2015	24/12/2015	0
28/10/2015	Interim	USX	0.7	31/12/2014	31/12/2015	05/11/2015	06/11/2015	19/11/2015	0
01/10/2015	Interim	USX	0.7	30/05/2015	30/09/2015	08/10/2015	09/10/2015	22/10/2015	0
28/08/2015	Interim	USX	0.7	30/05/2015	30/09/2015	10/09/2015	11/09/2015	24/09/2015	0
30/07/2015	Interim	USX	0.7	30/05/2015	30/09/2015	06/08/2015	07/08/2015	20/08/2015	0
01/07/2015	Interim	USX	0.7	30/12/2014	30/06/2015	09/07/2015	10/07/2015	23/07/2015	0
29/05/2015	Interim	USX	0.7	30/12/2014	30/06/2015	11/06/2015	12/06/2015	25/06/2015	0
27/04/2015	Interim	USX	0.7	30/12/2014	30/06/2015	07/05/2015	08/05/2015	21/05/2015	0
27/03/2015	Interim	USX	0.7	01/12/2014	31/03/2015	09/04/2015	10/04/2015	23/04/2015	0
24/02/2015	Interim	USX	0.7	01/12/2014	31/03/2015	05/03/2015	06/03/2015	19/03/2015	0
28/01/2015	Interim	USX	0.7	01/12/2014	31/03/2015	05/02/2015	06/02/2015	19/02/2015	0
16/01/2015	Interim	USX	4.25	31/12/2013	31/12/2014	29/01/2015	30/01/2015	12/02/2015	4.25

Top Dividend Posts

Date	Subject
11/3/2021 07:38	grahamg8: NAV is actually down. What they don't explain is that the 2.5c dividend has been taken off the previous months NAV before working out the change. Poor communication rather than devious to not tell us how the figures were worked out. Stellar performance is slowing but still very healthy and looks to be enough for the next quarter dividend of 2c to 3c. Read Full Thread Follow Reply
18/2/2021 10:24	davebowler: Liberum; Event Fair Oaks Income Fund's NAV per share at 31 January 2021 was $0.664, representing a 5.3% NAV total return in the month. January's NAV performance benefited from upward revaluations in certain investments with short reinvestment periods. Rising loan prices have increased the liquidation NAV for the equity tranche holders. There is further potential upside for these positions from refi/reset activity. Loan markets were broadly positive in January, with returns of 1.2% in the US and 1.0% in Europe. Loan prices have benefited from rising demand from retail inflows into US loans funds as investors seek floating rate exposure due to a steepening yield curve. 12-month trailing default rates have continued to decline and are now 3.4% in the US (previously 3.8%) and 2.1% in Europe (previously 2.6%). CLO spreads on new issues have compressed further in January. AAA US and EU new issue spreads fell to 1.15% and 0.87% at the end of January compared to 1.32% and 1.06% in the prior month. The positive environment should create opportunities for CLO equity holders to refinance or reset the CLO liabilities at more attractive levels. Master Fund II is nearing the end of its investment period. As previously indicated, FAIR will offer shareholders the opportunity to participate in a new share class that will invest in a new Master Fund, similar to the approach taken by the fund in 2017. The new Master Fund will reinvest principal receipts received from the current Master Fund in a new pool of assets, with a fixed investment period and maturity. Liberum view The tightening of CLO liability spreads is set to continue as investment demand strengthens. In combination with improving fundamentals (lower default rates, rising OC test cushions), the environment for CLO equity and mezzanine returns remains very favourable. Significant refinancing activity is expected in 2021. Equity tranches should benefit from a lower cost of capital, resulting in higher expected IRRs. Debt tranches also offer upside through repayment at par and we note several of FAIR's CLO debt tranches experienced large price increases during January. FAIR's flexible mandate leaves it well-placed to capitalise on relative value opportunities across CLO structures. Read Full Thread Follow Reply
09/2/2021 17:33	cerrito: Davebowler, I have just seen your 478 on the VTA thread covering Liberum on Fair.. A forecast for a 26pc NAV increase caught my eye noting the decent December 20 NAV performance although that the buy price today at 65 is higher than the 311220 NAV. My question to myself is as a £ investor at these exchange rates do I want more US$ assets. Read Full Thread Follow Reply
02/2/2021 07:40	grahamg8: 13 November 2020 post 142: Biden stimulus package - check, Covid vaccine - check, more income - 2.5c check, share price growth - check. The world has moved on a long way in 10 weeks and FAIR seems to have stabilised which is great news. I'm particularly pleased with the reference to 'quarterly' dividend. That sounds like a lot of confidence going forward, even if the size of the dividend may be a bit lumpy. Read Full Thread Follow Reply
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% Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
20/10/2020 07:28	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. Read Full Thread Follow Reply
25/7/2020 21:55	rambutan2: Latest factsheet: httPs://www.fairoaksincome.com/~/media/Files/F/Fair-Oaks-IF/Fair%20Oaks%20Income%20Fund%20-%20Jun-20.pdf Read Full Thread Follow Reply
20/7/2020 07:19	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." Read Full Thread Follow Reply
15/4/2020 09:34	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 Read Full Thread Follow Reply

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P: V: D:20210410 23:02:08