REG - Fair Oaks Income Ltd Fair Oaks Incm- FA17 Fair Oaks Income2014 - Portfolio Update

Fair Oaks IncomeAnnouncement

17/03/2025 07:15

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RNS Number : 8298A  Fair Oaks Income Limited  17 March 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)

 

Portfolio Update

 

Fair Oaks Income Limited (the "Company") is pleased to announce that FOMC III
LP ("Master Fund III") has an investment in the majority equity of a new US
CLO.

 

Details of New Investments:

Master Fund III entered into a binding contract to acquire, in the primary
market, $22.2 million notional of equity notes in Allegro XIX, a new CLO
backed by a portfolio of US broadly syndicated senior secured loans.

 

The manager of the CLO's portfolio is Axa Investment Management, which is a
global investment firm with over €184 billion assets under management.

 

The Allegro XIX target portfolio has a principal value of $400 million across
an expected 282 unique bank loan issuers, with an expected weighted average
exposure per issuer of approximately 0.33%. The potential total return for the
investments, as estimated by the general partner of Master Fund III, is
between 16% and 21% per annum (see Note 1).

 

Note 1: The General Partner's estimate of the potential total return for this
investment in calculated across certain scenarios and subject to certain
assumptions. This and any other references herein to potential future returns
or distributions are targets and not forecasts and there can be no guarantee
or assurance that they will be achieved.

 

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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