Annual Financial Report - Replacement

RNS Number : 6057W
Fair Oaks Income Limited
18 April 2023

18 April 2023

Annual Financial Report - Replacement


This announcement replaces the announcement r eleased on 18 April 2023 at 07:00:06 under RNS No 5628W. The original announcement contained a hyperlink to the full PDF of the annual report containing formatting issues, which have been resolved. All other details of the announcement remain unchanged.




(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)




Fair Oaks Income Limited (the "Company") is pleased to release the Annual Report and Audited Financial Statements for the year ended 31 December 2022 .




  • Fair Oaks Income Limited's (the "Company") Net Asset Value ("NAV") return per 2021 Share was -0.9% (31 December 2021: +22.7%) for the year ended 31 December2022 on a total return basis (with dividends reinvested). The NAV return per Realisation Share was 0.5% (31 December2021: 22.7%) for the year ended 31 December 2022 on the same basis.
  • As at 31 December 2022, the Company's total market capitalisation was US$228.7 million, comprising US$197.3million of 2021 Shares and US$31.4 million of Realisation Shares.
  • The 2021 Shares closed at a mid-price of US$0.4900 on31 December 2022. The 2021 Shares traded at an average discount to NAV of -9.88% during the year ended 31December 2022.
  • The Realisation Shares closed at a mid-price of US$0.5650on 31 December 2022. The Realisation Shares traded at an average premium to NAV of 1.33% during the year ended31 December 2022.
  • The Company declared dividends of 9.50 US cents per 2021 Share and Realisation Share in the year ended 31 December 2022 (31 December 2021: 9.75 US cents per 2021 Share and Realisation Share).


Click on, or paste the following link into your web browser to view the associated PDF document.


LEI: 2138008KETEC1WM5YP90




Fair Oaks Income Limited




Fair Oaks Capital Limited

Investor Relations

DDI: +44 (0) 20 3034 0400



Sanne Fund Services (Guernsey) Limited

Ben Le Prevost

DDI: +44 (0) 20 3530 3105 /


Numis Securities Limited

Nathan Brown, Corporate Broking

DDI: +44 (0) 20 7260 1426



Liberum Capital Limited

Chris Clarke, Investment Banking

DDI: +44 (0) 20 3100 2190



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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