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Fair Oaks Income Ltd (FAIR)

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Monday 20 July, 2020

Fair Oaks Income Ltd

Company Update on Dividends

RNS Number : 4113T
Fair Oaks Income Limited
20 July 2020


Fair Oaks Income Limited

20 July 2020




(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)




In light of the continued performance and the increased resilience of Master Fund II's investments, the Board has decided to resume the payment of dividends, on a quarterly basis and at a variable rate. The Company expects to announce the first quarterly dividend at the end of July in an amount of approximately 1.5 cents per share.

The Master Funds received distributions on all equity investments in April and, with all investments passing their over-collateralisation tests, distributions are also expected on all investments in July. Furthermore, the opportunistic investments made in the second quarter have resulted in the portfolio consisting of 48% CLO debt by market value. This increases the resilience and predictability of Master Fund II and the Company's cash flow.


LEI: 2138008KETEC1WM5YP90




Fair Oaks Income Limited

Email: [email protected]



Fair Oaks Capital Limited

Investor Relations

DDI: +44 (0) 20 3034 0400

Email: [email protected]


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Nathan Brown, Corporate Broking

DDI: +44 (0) 20 7260 1426

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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.

The above distribution guidance is provided by the Company in consultation with its Investment Adviser as a target only and is not a profit forecast. There can be no assurance that this target will be met or that the Company will make any distributions whatsoever. The times and dates in this announcement are expected times and dates only and are subject to change.


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