Last checked at 
22 Aug 2018 07:00
Fair Oaks Income Limited
22 August 2018
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 2018.
Highlights
· Fair Oaks Income Limited's (the "Company") Net Asset Value ("NAV") per 2017 Share was up 3.11% and the NAV per 2014 Share was up 3.61% for the period ended 30 June 2018 on a total return basis (with dividends reinvested), outperforming the Credit Suisse US Leveraged Loan Index, which was up 2.30% and the Credit Suisse US High Yield Index, which was up 0.08%.
· As at 30 June 2018, the Company's total market capitalisation was US$479 million.
· The Company's 2014 and 2017 share prices closed at a mid-price of US$0.9950 and US$0.9550 respectively on 29 June 2018 and traded at an average annual premium to NAV of 12.68% and 3.34% respectively during the first half of 2018.
· On 3 April 2018, 35,000,000 new 2017 Shares were issued at US$0.973 per Share.
Click on, or paste the following link into your web browser to view the Interim Report.
http://www.rns-pdf.londonstockexchange.com/rns/4889Y_1-2018-8-21.pdf
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
Praxis Fund Services Limited
Ben Le Prevost
DDI: +44 (0) 1481 755524
Email: Ben.LePrevost@praxisifm.com
Numis Securities Limited
Nathan Brown, Corporate Broking
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.