Fair Oaks Inc Regulatory News (FAIR)

 22 October 2021

Fair Oaks Income Limited

(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)

Portfolio Update

Fair Oaks Income Fund Limited (the "Company") is pleased to announce that FOMC II LP (the "Master Fund") has completed the reset of Signal Peak CLO 4, a CLO backed by a portfolio of US broadly syndicated, secured loans.

The original purchase of Signal Peak CLO 4 ($29 million par value, formerly called as Mariner CLO 2017-4) was completed in October 2017 with a weighted average coupon for the CLO financing of Libor+1.82%. The original investment period for Signal Peak CLO 4 was scheduled to end in October 2021. After the reset, Signal Peak CLO 4 will benefit from a weighted average coupon of Libor+1.77% and an investment period ending in October 2026. 

As a result of the reset, the potential total return for this investment, since inception, as estimated by the general partner of the Master Fund (the "General Partner"), will increase by 4.2% p.a. (see Note 1).

In addition, as part of the reset transaction, the documentation of the investment has been updated to include ESG-focused investment restrictions.

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

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.

Note 1: The General Partner's estimate of the potential total return for this investment in calculated across certain scenarios and subject to certain assumptions. This and any other references herein to potential future returns or distributions are targets and not forecasts and there can be no guarantee or assurance that they will be achieved.