Extension to Master Fund Commitment Period

RNS Number : 1317A

Fair Oaks Income Limited

24 May 2019

 

Fair Oaks Income Limited

24 May 2019

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)

EXTENSION TO MASTER FUND COMMITMENT PERIOD

The Company announces that the General Partner of FOMC II LP (the "Master Fund" of the 2017 Share Class) has exercised its discretion to extend the commitment period of the Master Fund for one year to 12 June 2020.

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. There is discretion in that agreement for the General Partner to further extend the Master Fund's commitment period to 12 June 2021. 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: [e-mail]

Web: www.fairoaksincome.com

Fair Oaks Capital Limited

Investor Relations

DDI: [phone]

Email: [e-mail]

Praxis Fund Services Limited

Ben Le Prevost

DDI: [phone]

Email: [e-mail]

Numis Securities Limited

Nathan Brown, Corporate Broking

DDI: [phone]

Email: [e-mail] 

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 FOMC II 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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