REG - Fair Oaks Income Ltd Fair Oaks Incm- FA17 Fair Oaks Income2014 - Half-year Report

Fair Oaks IncomeAnnouncement

26/09/2024 07:00

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RNS Number : 6909F  Fair Oaks Income Limited  26 September 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)

 

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 2024
(the "Interim Report").

 

Highlights

 

·      Fair Oaks Income Limited's (the "Company") Net Asset Value
("NAV") return per 2021 Share was 5.83% (30 June 2023:  8.97%) for the six
month period ended 30 June 2024 on a total return basis (with dividends
reinvested). The NAV return per Realisation Share was 6.84%

(30 June 2023:  9.68%) for the six month period ended 30 June 2024 on the
same basis.

 

·      As at 30 June 2024, the Company's total market capitalisation was
US$240.6 million, comprising

US$212.1 million of 2021 Shares and US$28.4 million of Realisation Shares.

 

·      The Company's 2021 shares closed at US$0.5550 on 30 June 2024

(30 June 2023: US$0.4880). The 2021 Shares traded at an average premium to NAV
of 0.17% during the six month period ended 30 June 2024 (30 June 2023:
Discount of 14.77%).

 

·      The Company's Realisation shares closed at a mid- price of
US$0.5700 on 30 June 2024 (30 June 2023: US$0.5600). The Realisation Shares
traded at an average discount to NAV of 0.83% during the six month period
ended 30 June 2024 (30 June 2023: Discount of 3.96%).

 

·      The Company declared dividends of 4.00 US cents per 2021 Share
and Realisation Share in the six month period ended 30 June 2024 (30 June
2023: 4.00 US cents).

 

 

Click on, or paste the following link into your web browser to view the
Interim Report.

 

http://www.rns-pdf.londonstockexchange.com/rns/6909F_1-2024-9-25.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6909F_1-2024-9-25.pdf)

 

LEI: 2138008KETEC1WM5YP90

 

Enquiries:

 

Fair Oaks Income Limited

Email: contact@fairoaksincome.com (mailto:contact@fairoaksincome.com)

Web: www.fairoaksincome.com (http://www.fairoaksincome.com)

 

Fair Oaks Capital Limited

Investor Relations

DDI: +44 (0) 20 3034 0400

Email: ir@fairoakscap.com (mailto:ir@fairoakscap.com)

 

Sanne Fund Services (Guernsey) Limited

Email: fairoaksgrp@apexfs.group (mailto:fairoaksgrp@apexfs.group)

 

Numis Securities Limited

Nathan Brown/Matt Goss, Investment Banking

DDI: +44 (0) 20 7260 1426

Email: n.brown@numis.com (mailto:n.brown@numis.com) /m.goss@numis.com

 

Liberum Capital Limited

Chris Clarke, Investment Banking

DDI: +44 (0) 20 3100 2190

Email: chris.clarke@liberum.com (mailto: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 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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