Reinvestment of Management Fees

Fair Oaks Income Limited
01 February 2024
 

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)

 

REINVESTMENT OF MANAGEMENT FEES

 

The Company's 2021 prospectus stated that in the event that the Realisation Shares and 2021 Shares trade at discount to any quarter end NAV, calculated on the date that the relevant NAV is published, 25% of that quarter's investment management fees (in respect of the Realisation and 2021 Shares) would be reinvested to purchase Shares in the secondary market.

Accordingly, the Company has been notified that, following the announcement dated 18 January 2024 regarding the NAV as at 31 December 2023, Fair Oaks Income Fund (GP) Limited, employing its best endeavours, has been able to purchase 35,000 2021 Shares at a price below NAV, in the secondary market.

 

LEI: 2138008KETEC1WM5YP90

 

Enquiries:

 

Fair Oaks Income Limited

Email: contact@fairoaksincome.com

Web: www.fairoaksincome.com

 

Fair Oaks Capital Limited

Investor Relations

DDI: +44 (0) 20 3034 0400

Email: ir@fairoakscap.com

 

Apex Corporate Services (Guernsey) Limited

Sanne Fund Services (Guernsey) Limited

Fair Oaks Client Team

Email: fairoaksgrp@apexfs.group  

 

Numis Securities Limited

Nathan Brown/matt Goss, Investment Banking

DDI: +44 (0) 20 7260 1426

Email: n.brown@numis.com

 

Liberum Capital Limited

Chris Clarke, Investment Banking

DDI: +44 (0) 20 3100 2190

Email: chris.clarke@liberum.com

 

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 Master Fund II and Master Fund III) 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. The Company will implement its investment policy by remaining invested in the Master Fund II and making new investments in Master Fund III. 

Notes

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