Potential Issue of Equity

RNS Number : 5653T

Fair Oaks Income Fund Limited

21 July 2015

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in Fair Oaks Income Fund Limited or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities. Subscriptions for C Shares in Fair Oaks Income Fund must be made only on the basis of the information contained in the prospectus to be published in respect of the C Shares.

Fair Oaks Income Fund Limited

21 July 2015

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)

Potential Equity Issue

The Company announced on 22 June 2015 that it was considering options to issue Ordinary or C Shares.

The Company today further announces that, following consultations with certain existing and potential new Shareholders, it is making arrangements for a potential issue of up to 200 million C Shares at an issue price of $1.

Qualified Investors interested in the potential C Share issue should contact Numis, the Company's corporate broker.

The Company's ability to issue C Shares is subject to publication of a new prospectus. It is currently expected that the Company will publish a new prospectus early in August and that a placing of C Shares will close on or around 10 August 2015. 

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] 

 

END

 

 

IOEQBLFLEDFBBBF