Portfolio Update

RNS Number : 9660U

Fair Oaks Income Limited

09 December 2021

 

Fair Oaks Income Limited

9 December 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 Limited (the "Company") is pleased to announce that FOMC II LP (the "Master Fund") has entered into a binding contract to acquire, in the primary market, €28 million notional of equity notes in Fair Oaks Loan Funding IV, a new CLO backed by a portfolio of European broadly syndicated secured loans.

The manager of this CLO's portfolio is Fair Oaks Capital Limited, the investment advisor to the Company and Master Fund II.

This CLO's current target portfolio has a principal value of €400 million across an expected 136 unique bank loan issuers, with an expected weighted average exposure per issuer of approximately 0.71%. The potential total return for this investment, as estimated by the general partner of the Master Fund, is 14.3% per annum (see Note 1).

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]

Sanne Fund Services (Guernsey) Limited

Ben Le Prevost

DDI: [phone]

Email:  [e-mail]

Numis Securities Limited

Nathan Brown, Corporate Broking

DDI: [phone]

Email: [e-mail]

Liberum Capital Limited

Chris Clarke, Investment Banking

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 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 estimated potential return includes the expected impact of hedging the investment to USD and the waiver of investment management fees at Master Fund II on the amount invested. 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.

 

END

 

 

PFUGCBDDDXGDGBI