Fair Oaks Income Ltd Fair Oaks Incm- FA17 Fair Oaks Income2014 - Annual Financial Report

Fair Oaks Income

18/04/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230418:nRSR5628Wa&default-theme=true

RNS Number : 5628W  Fair Oaks Income Limited  18 April 2023

18 April 2023

 

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)

 

Annual Financial Report

 

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

 

Highlights

 

 * Fair Oaks Income Limited's Net Asset Value ("NAV") return per 2021 Share was
-0.9% (31 December 2021: +22.7%) for the year ended 31 December 2022 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$228.7million, 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.

http://www.rns-pdf.londonstockexchange.com/rns/5628W_1-2023-4-18.html
(http://www.rns-pdf.londonstockexchange.com/rns/5628W_1-2023-4-18.html)

 

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

Ben Le Prevost

DDI: +44 (0) 20 3530 3105

Email:fairoaksgrp@apexfs.group / Ben.LePrevost@apexfs.group

 

Numis Securities Limited

Nathan Brown, Corporate Broking

DDI: +44 (0) 20 7260 1426

Email: n.brown@numis.com (mailto:n.brown@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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACSSFLSLAEDSEIL