Final Redemption of Realisation Shares

Fair Oaks Income Limited

24 June 2026

 

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)

Final Redemption of Realisation Shares

Further to the Company's announcement on 28 May 2026 noting the Board's consideration of options for the Company's Realisation Shares, the Company today declares a final compulsory redemption of all Realisation Shares (the "Final Redemption") at a price equal to the NAV per Realisation Share as at 29 May 2026, adjusted for any movements in NAV between 29 May 2026 and the redemption date.

The consideration for the redemption will be a US Dollar cash payment.

In-specie Election

There will also be an option to receive an in-specie distribution of a Realisation Shareholder's pro rata exposure to FOIF II LP's remaining assets. 

This option will be available only to institutional and professionally advised private investors eligible to subscribe for limited partnership interests in the investment vehicle which holds FOIF II LP's remaining assets and is subject to (i) completion of the required know-your-client checks; (ii) the Company being satisfied in its absolute discretion that the election does not constitute a breach of any relevant securities legislation; and (iii) signing the relevant transfer and adherence agreement. 

Realisation Shareholders can elect for the in-specie option by completing an election form which is available on request from Apex Fund and Corporate Services (Guernsey) Limited by emailing [e-mail]. Election forms must be returned to the same email address by close of business on 29 June 2026.

A Realisation Shareholder of approximately 87% of the issued Realisation Shares has undertaken to elect for the in-specie distribution and the Company's implementation of the Final Redemption is conditional on completion of this election.

Further Details

All holdings of Realisation Shares on the register as at close of business on the record date, being 29 June 2026, will be redeemed.

As at today's date, the Company has 19,444,815 Realisation Shares in issue of which none are held in treasury. All shares that are redeemed will be cancelled with effect from the relevant Redemption Date. Accordingly, once redeemed, shares will be incapable of transfer. The Realisation Shares will all be disabled in CREST after close of business on the Redemption Date.

Expected Timetable for Redemption:

Posting of Redemption Notice	24 June 2026
Record Date, Redemption date	29 June 2026
Announcement of Redemption Price	29 June 2026
Shares disabled in CREST	30 June 2026
LSE Quote Cancelled	30 June 2026
Redemption monies paid	07 July 2026

LEI: 2138008KETEC1WM5YP90

Enquiries:

Fair Oaks Income Limited

Email: [e-mail]

Web: www.fairoaksincome.com

Fair Oaks Capital Limited

Investor Relations

DDI: [phone]

Email: [e-mail]

Apex Fund and Corporate Services (Guernsey) Limited

Email: [e-mail]  

Duetsche Numis Securities Limited

Nathan Brown, Investment Banking

DDI: [phone]

Email: [e-mail]

Panmure 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 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.

 

END