Last checked at 
18 Apr 2023 17:36
18 April 2023
Annual Financial Report - Replacement
This announcement replaces the announcements released on 18 April 2023 at 07:00:06 under RNS No 5628W and at 11:30:19 under RNS No 6057W. The original announcements included an incorrectly formatted hyperlink to the full PDF of the annual report, and a typo on the Company Overview, financial highlights page, amending the figure of '£20,390,880' for the 2021 Shares 31 December 2022 Net Assets, with £230,390,880, as correctly stated in the Statement of Financial Position. All other details of the announcement remain unchanged.
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)
Fair Oaks Income Limited (the "Company") is pleased to release the Annual Report and Audited Financial Statements for the year ended 31 December 2022.
Highlights
Fair Oaks Income Limited's (the "Company") Net Asset Value ("NAV") return per 2021 Share was -0.9% (31 December 2021: +22.7%) for the year ended 31 December2022 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$228.7 million, comprising US$197.3 million 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 31 December 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 ended 31 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/6546W_1-2023-4-18.xhtml
LEI: 2138008KETEC1WM5YP90
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
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
Liberum Capital Limited
Chris Clarke, Investment Banking
DDI: +44 (0) 20 3100 2190
Email: 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.