Extension of Master Fund Commitment Period
13 June 2024
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)
Extension to Master Fund Commitment Period
The Company announces that the General Partner of FOMC III LP (the "Master Fund" of the 2021 Share Class) has exercised its discretion to extend the commitment period of the Master Fund for one year to 12 June 2025.
The General Partner has informed the Company that the exercise of its discretion is consistent with its expectation that attractive risk-adjusted returns will continue to be available from global senior secured bank loans held through CLOs during the extended commitment period.
The discretion of the General Partner was exercised in accordance with the Master Fund's limited partnership agreement. After the end of its commitment period, the Master Fund is required to distribute to the Company (and other investors in the Master Fund) all repayments of principal received from the underlying instruments.
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
Matthew Falla
DDI: +44 (0) 20 3530 3107
Email: Matthew.Falla@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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