Annual Financial Report
19 April 2024
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)
Annual Financial Report
Fair Oaks Income Limited (the "Company") is pleased to release the Annual Report and Audited Financial Statements for the year ended 31 December 2023.
Highlights
Fair Oaks Income Limited's (the "Company") Net Asset Value ("NAV") return per 2021 Share was 12.98% (31 December 2022: -0.90%) for the year ended
31 December 2023 on a total return basis (with dividends reinvested). The NAV return per Realisation Share was 13.82% (31 December 2022: 0.5%) for the year ended 31 December 2023 on the same basis
As at 31 December 2023, the Company's total market capitalisation was US$238.6 million, comprising US$210.1 million of 2021 Shares and
US$28.4 million of Realisation Shares.
The Company's 2021 shares closed at a last-price of US$0.5500 on
31 December 2023 (31 December 2022: US$0.4900). The 2021 Shares traded at an average discount to NAV of 11.71% during the year ended
31 December 2023 (31 December 2022: Discount 10.15%).
The Company's Realisation shares closed at a last-price of US$0.5700 on
31 December 2023 (31 December 2022: US$0.5650). The Realisation Shares traded at an average discount to NAV of 4.29% during the year ended
31 December 2023 (31 December 2022: Premium 1.30%).
The Company declared dividends of 8.00 US cents per 2021 Share and Realisation Share in the year ended 31 December 2023 (31 December 2022: 9.50 US cents per 2021 Share and Realisation Share).
Click on, or paste the following link into your web browser to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/2440L_1-2024-4-18.pdf
LEI: 2138008KETEC1WM5YP90
Enquiries:
Fair Oaks Income Limited
Email: contact@fairoaksincome.com
Fair Oaks Capital Limited
Investor Relations
DDI: +44 (0) 20 3034 0400
Email: ir@fairoakscap.com
Sanne Fund Services (Guernsey) Limited
Email: fairoaksgrp@apexfs.group
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.
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Companies
Fair Oaks Income Limited 2021 Shs NPV (FAIR)Fair Oaks Income Limited Realisation Shs NPV (FA17)
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