Fair Oaks Income Limited Issue of Shares (7514W)
17 November 2017 - 1:52AM
UK Regulatory
TIDMFAIR TIDMTTM TIDMFA14
RNS Number : 7514W
Fair Oaks Income Limited
16 November 2017
Fair Oaks Income Limited
16 November 2017
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)
ISSUE OF SHARES
Further to the announcement on 13 November 2017, the Board is
pleased to announce an issue of 57,350,000 new 2017 Shares (the
"New Shares") at an issue price of US$1.0075.
The Company has been notified by the General Partner of FOMC II
(the "Master Fund") that the Master Fund expects to receive in
November $14 million as a result of the early amortization at par
of two mezzanine investments. The realised total return on the two
mezzanine investments is 16.1% and 19.1% respectively. As a result,
the Board considers that the amount raised is sufficient to
complete the previously discussed primary investments.
Admission of the New Shares is scheduled for 17 November 2017
and an application has been made to the London Stock Exchange for
the New Shares to be admitted to trading on the Specialist Fund
Segment of the Main Market.
Following the issue, the Company will have 418,274,938 2017
Shares in issue.
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 the Master Fund and/or 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
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.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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