Fair Oaks Income Ltd Regulatory News (FA14)

Fair Oaks Income Limited

5 September 2017

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 the Interim Report for the period ended 30 June 2017.

Highlights

· In March 2017, Fair Oaks Income Fund Limited changed its name to Fair Oaks Income Limited.

· In April 2017, 84.7% of Ordinary Shares were re-designated as 2017 Shares which will participate in the newly created Master Fund II, thereby extending the life of their investment in the Company beyond the planned end date of the Master Fund. The remaining 15.3% of Ordinary Shares were re-designated as 2014 Shares.

· Also in April 2017, the First Placing and Offer for subscription of C Shares raised US$68.85 million. The C Shares were converted to 2017 Shares in June 2017 using the conversion ratio of 1.0082 2017 Shares for every one C Share held.

· The Investment Adviser believes that relatively low loan defaults and attractive CLO financing rates have the potential to generate attractive returns for the Master Fund and Master Fund II.

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

http://www.rns-pdf.londonstockexchange.com/rns/7832P_-2017-9-4.pdf 

Enquiries:

Fair Oaks Income Limited

Email: contact@fairoaksincome.com

Web: www.fairoaksincome.com

Fair Oaks Capital Limited

Investor Relations

DDI: +44 (0) 20 3034 0400

Email: ir@fairoakscap.com

Praxis Fund Services Limited

Ben Le Prevost

DDI: +44 (0) 1481 755524

Email: Ben.LePrevost@praxisifm.com

Numis Securities Limited

Nathan Brown, Corporate Broking and Advisory

DDI: +44 (0) 20 7260 1426

Email: n.brown@numis.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 LP (the "Master Fund") and/or FOMC II LP ("Master Fund II") 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. The Company will implement its investment policy by remaining invested in the Master Fund and making new investments in Master Fund II.

 Notes

This document is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.