Fair Oaks Inc Regulatory News (FAIR)

Fair Oaks Income Fund Limited

7 November 2016

FAIR OAKS INCOME FUND 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)

Company Update

The commitment period of FOIF LP (the "Master Fund") in which the Company is invested ended in June 2016. The Company has subsequently introduced a redemption mechanism to return to Shareholders capital realised from the Master Fund and has made its first distribution under that mechanism.

Fair Oaks Capital Limited, the Company's investment adviser, believes that there is an ongoing opportunity to invest in US and European CLOs to generate attractive risk-adjusted returns. The Company therefore announces that it is considering proposals under which Shareholders will be offered an option (but will not have an obligation) to extend the duration of their investment in the Company through a share class which would retain a pro rata interest in the Master Fund and reinvest its capital distributions into a new Master Fund. The new Master Fund will also have a limited commitment period and maturity, and will have similar objectives and terms as the current Master Fund.

The Company is also considering its options to raise further equity for the Company through a new C share class, which, if issued, would convert into that extended duration share class once substantially invested.

The Company will make a further announcement in due course.

Enquiries:

Fair Oaks Income Fund Limited

Email: contact@fairoaksincomefund.com

Web: www.fairoaksincomefund.com

Fair Oaks Capital Limited

Hayley Stewart

DDI: +44 (0) 20 3034 0406

Email: hstewart@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 Fund Limited

Fair Oaks Income Fund 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 London Stock Exchange) on 12 June 2014. The Company's ordinary shares have the TIDM: FAIR and ISIN: GG00BD5NCP31.

The investment policy of the Company is to seek exposure to 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 investing in FOIF LP (the "Master Fund").

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.