Interim Financial Report

Fair Oaks Income Limited

28 September 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)

Interim Financial Report

The Board of Fair Oaks Income Limited is pleased to release its Interim Report and Unaudited Condensed Financial Statements for the period ended 30 June 2026 (the "Interim Report").

Highlights

·      The Company's Net Asset Value ("NAV") return on a total return basis (with dividends reinvested) for the six-month period ended 30 June 2026:

v Ordinary Share was 2.10% (31 December 2025: 5.49%)

v Realisation Share was nil% * (31 December 2025: 9.27%)

* During the period, the Realisation Shares were delisted from the London Stock Exchange. Following the delisting, no Realisation Shares remained in issue, and the remaining net assets as at the reporting date relate primarily to the settlement of distribution payables and other residual obligations. These have been settled subsequent to the period end.

·      As at 30 June 2026, the Company's total market capitalisation was EUR155.5 million comprising:

v Ordinary Shares of EUR155.5 million and;

v Realisation Shares of EURnil.

·      The Company closed at a last-price on 30 June 2026**:

v Ordinary Shares at EUR4.02 (31 December 2025: EUR0.4476) and traded at an average discount to NAV of 4.23% during the six-month period ended 30 June 2026 (31 December 2025: average discount to NAV of 0.45%).

v Realisation Shares at EURnil (31 December 2025: EUR0.5015) and traded at an average discount to NAV of 9.62% during the six-month period ended 30 June 2026 (31 December 2025: average premium to NAV of 0.40%).

** During the period, the Ordinary Shares were consolidated on 1-for-10 basis. On 30 April 2026, one consolidated Ordinary Share was issued for every 10 converted Ordinary Shares.

·      During the six-month period ended 30 June 2026, the Company declared dividends totalling 27.05 EUR cents per Ordinary Share, comprising a dividend of 2.0 US$ cents per Ordinary Share declared prior to the Company's transition to EUR reporting and a subsequent 10.0 EUR cents per Ordinary Share dividend. The US dollar dividend was converted to EUR using the applicable WMR exchange rate and adjusted for the 1-for-10 share consolidation, resulting in an equivalent distribution of approximately 17.05 EUR cents per Ordinary Share.

In the comparative period ended 30 June 2025, dividends of 4.0 US$ cents per Share were declared on Ordinary Shares. The US dollar dividend was converted to EUR using the applicable WMR exchange rate and adjusted for the 1-for-10 share consolidation, resulting in an equivalent distribution of approximately 34.10 EUR cents per Ordinary Share.

The Company also declared dividends of 2.0 US$ cents per Realisation Share, equivalent to the 1.71 EUR cents per Realisation Share dividend declared prior to the transition to EUR reporting. 

In the comparative period ended 30 June 2025, dividends of 4.0 US$ cents per Share (3.41 EUR cents per Share) were declared on Realisation Shares.

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

https://www.fairoaksincome.com/investors/documentation/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]

Deutsche Numis Securities Limited

Nathan Brown, Investment Broking

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 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.

 

END