Fair Oaks Inc Regulatory News (FAIR)

9 September 2020

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 2020.

Highlights

· Fair Oaks Income Limited's (the "Company") Net Asset Value ("NAV") per 2017 Share was down 33.3% (30 June 2019: up 2.4%) for the six month period ended 30 June 2020 on a total return basis (with dividends reinvested).

· As at 30 June 2020, the Company's total market capitalisation was US$210 million.

· The Company's 2017 shares closed at a price of US$0.4500 on 30 June 2020. The 2017 Shares traded at an average discount to NAV of 9.35% during the six month period ended 30 June 2020.

· During April 2020, the Company announced an issue to satisfy market demand of 15,029,623 new 2017 Shares at an issue price of US$0.372 per new 2017 Share.

· The Company declared dividends of 2.1 US cents per 2017 Share in the six month period ended 30 June 2020. Cumulative dividends since the inception of the Company per 2017 Share are 63.1 US cents.

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

http://www.rns-pdf.londonstockexchange.com/rns/5250Y_1-2020-9-9.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.

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.