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

Fair Oaks IncomeAnnouncement

22/04/2025 07:00

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RNS Number : 5484F  Fair Oaks Income Limited  22 April 2025

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 (the "Company") is pleased to release the Annual
Report and Audited Financial Statements for the year ended 31 December 2024.

 

Highlights

The Company's Net Asset Value ("NAV") return per 2021 Share was 14.91% (31
December 2023: 12.98%) for the year ended 31 December 2024 on a total return
basis (with dividends reinvested). The NAV return per Realisation Share was
17.35% (31 December 2023: 13.82%) for the year ended 31 December 2024 on the
same basis.

 

As at 31 December 2024, the Company's total market capitalisation was US$227.2
million, comprising US$203.7 million of 2021 Shares and US$23.5 million of
Realisation Shares.

 

The Company's 2021 Shares closed at a last price of US$0.5400 on 31 December
2024 (31 December 2023: US$0.5500). The 2021 Shares traded at an average
discount to NAV of 1.5% during the year ended 31 December 2024 (31 December
2023: Discount 11.71%).

 

The Company's Realisation shares closed at a last price of US$0.5710 on 31
December 2024 (31 December 2023: US$0.5700). The Realisation Shares traded at
an average discount to NAV of 0.7% during the year ended 31 December 2024 (31
December 2023: Discount 4.29%).

 

The Company declared dividends of 8.00 US cents per 2021 Share and Realisation
Share in the year ended 31 December 2024 (31 December 2023: 8.00 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.

 

https://www.fairoaksincome.com/investors/documentation/2025
(https://www.fairoaksincome.com/investors/documentation/2025)

 

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)

 

Apex Fund and Corporate Services (Guernsey) Limited

Email: fairoaksgrp@apexgroup.com (mailto:fairoaksgrp@apexgroup.com)

 

Deutsche Numis Securities Limited

Nathan Brown, Investment Banking

DDI: +44 (0) 20 7260 1426

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

 

Panmure 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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