Issue of Treasury Shares

Fair Oaks Income Limited

29 February 2024

 

29 February 2024

FAIR OAKS INCOME LIMITED
(the "Company")

Issue of Treasury Shares

The Company announces that, to satisfy market demand, it has today issued 848,660 of its 2021 Shares from treasury. The 2021 Shares will be issued at a price of 57.75 cents per 2021 Share, a premium to the prevailing net asset value per 2021 Share.

The Company may issue further shares subject to market demand at a premium to the prevailing NAV and will maintain its commitment to the share buyback programme announced in September 2022.

Following this transaction, the Company announces that the total number of voting rights in respect of the following class of shares is:

Share Class	Number of shares in issue
2021 Shares*  Realisation Shares Total Shares	405,815,477 49,906,358 455,721,835

*includes 23,170,423 2021 Shares held in Treasury.

2021 Shares and Realisation Shares each carry one vote per share held (excluding Shares held in Treasury). Therefore, the total number of voting rights in the Company is 432,551,412 and may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

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]

Apex Corporate Services (Guernsey) Limited

Sanne Fund Services (Guernsey) Limited

Fair Oaks Client Team

Email: [e-mail]  

Deutsche Numis

Nathan Brown/matt Goss, Investment Banking

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 Master Fund II and Master Fund III) 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 II and making new investments in Master Fund III. 

Notes

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.

 

END