Fair Oaks Income Limited Appointment of Non-Executive Director (8534O)

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RNS Number : 8534O

Fair Oaks Income Limited

14 June 2022

14 June 2022

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)

Appointment of Non-Executive Director

The Board of the Company is pleased to announce the appointment of Fionnuala Carvill as a non-executive Director of the Company with effect from 14 June 2022.

As announced in the notice of Annual General Meeting, one of the original Directors of the Company, Nigel Ward intends to retire from the Board by the end of 2022. In order to ensure an orderly transfer of responsibilities, Ms Carvill has been appointed as chair of the Risk Committee ahead of Mr Ward's retirement.

Fionnuala Carvill is a Non-Executive Director of Investec Bank (Channel Islands) Limited, Princess Private Equity Limited and The Chartered Institute for Securities & Investment. Previous executive positions held include Managing Director of Kleinwort Benson (Channel Islands) Investment Management Limited, Director of Kleinwort Benson (Channel Islands) Limited, Commission Secretary and Head of Innovation at the Guernsey Financial Services Commission, and Director of Rothschild Bank (CI) Limited. She is a past President and committee member of The Chartered Institute for Securities & Investment, Guernsey Branch, a Liveryman of the Worshipful Company of International Bankers, and was granted Freedom of the City of London in 2007.

Fionnuala holds a Master's degree in Corporate Governance (Distinction), is a Chartered Fellow of The Chartered Institute for Securities & Investment; a Fellow of the London Institute of Banking & Finance (Chartered Institute of Bankers); a member of the Institute of Directors; a Fellow of The Chartered Governance Institute and a Chartered Governance Professional. In addition, she sits on the board of several charities, holding roles from fundraising and capacity building to governance and impact assessment. Fionnuala is a Guernsey resident.

In respect of Listing Rule 9.6.13 of the Financial Conduct Authority's Listing Rules, Princess Private Equity Limited is listed on the Main Market of the London Stock Exchange.

Commenting on Ms Carvill's appointment, Professor Claudio Albanese, Board Chair said:

"We are delighted to welcome Fionnuala to the Board as we lay the foundations to refresh the composition of the Board, as outlined in the recent AGM notice. We expect that Fionnuala's experience in ESG strategies will support the Company's efforts to invest responsibly."

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

Ben Le Prevost

DDI: [phone]

Email: [e-mail]

Numis Securities Limited

Nathan Brown, Corporate Broking

DDI: [phone]

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 FOIF II LP and FOMC III LP) 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.

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June 14, 2022 10:31 ET (14:31 GMT)