Net Asset Value(s)

RNS Number : 0560U

Fair Oaks Income Fund Limited

13 October 2014

 



Fair Oaks Income Fund Limited

13 October 2014

FAIR OAKS INCOME FUND 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)

Monthly Announcement of Unaudited Net Asset Value

As at the close of business on 30 September 2014 the estimated unaudited Net Asset Value of the Company's shares was as follows:  

Fund Name	ISIN	NAV	Monthly Performance	ITD Performance
Fair Oaks Income Fund Limited	GG00BMBN1D14	USD 1.0171	+1.31%	+3.87%

The General Partner has informed the Company that the Master Fund has committed to acquire, in the primary market, a minimum of $20 million notional of equity notes, representing a majority of the total equity of a new CLO backed by a portfolio of US broadly syndicated, secured loans. The Company estimates that, after this acquisition, 89% of the proceeds of the net IPO proceeds will have been committed. The General Partner expects the potential total return for both this investment to be in line with previous acquisitions.

The September monthly performance update can be found at the following link:

http://www.fairoaksincomefund.com/reports/monthly-performance-updates/2014.aspx

Enquiries:

Praxis Fund Services Limited

Ben Le Prevost

DDI: [phone]

Email: [e-mail]

Camarco

Edward Gascoigne-Pees

Hazel Stevenson

DDI: [phone]

Email: [e-mail]

Numis Securities Limited

Nathan Brown, Corporate Broking

DDI: [phone]

Email: [e-mail]

Notes:

The Net Asset Value in this announcement is an estimate, and is based on unaudited estimated valuations.  The final Net Asset Value of the Company may be materially different from the estimated value, which should only be taken as an indicative value which has been provided for information only and upon which no reliance should be placed.  Actual results, performance or achievements may differ materially from estimated results, performance or achievements.   Except as required by applicable law, the Company expressly disclaims any obligation to update or revise such estimates to reflect any change in expectations, new information, subsequent events or otherwise.

This document is for information purposes only and is not an offer to invest. All investments are subject to risk.  Past performance is no guarantee of future returns.   Prospective  investors are  advised  to seek  expert  legal, financial, tax  and other  professional advice  before making  any  investment decisions.

Month to date and year to date performance figures are calculated by reference to the estimated NAV on 12 June 2014, the date of admission to trading of the Company's shares.  

 

END

 

 

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