FAIR Fair Oaks Income Limited

TIDMFAIR TIDMFA17 TIDMTTM

RNS Number : 9079N

Fair Oaks Income Limited

28 September 2023

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)

Interim Financial Report

The Board of Fair Oaks Income Limited is pleased to release its Interim Report and Unaudited Condensed Financial Statements for the period ended 30 June 2023 (the "Interim Report").

Highlights

-- Fair Oaks Income Limited's (the "Company") Net Asset Value ("NAV") return per 2021 Share was 8.97% (30 June 2022: -5.30%) for the six month period ended 30 June 2023 on a total return basis (with dividends reinvested). The NAV return per Realisation Share was 9.68%

(30 June 2022: -5.0%) for the six month period ended 30 June 2023 on the same basis.

-- As at 30 June 2023, the Company's total market capitalisation was US$221.6 million, comprising

US$190.5 million of 2021 Shares and US$31.1 million of Realisation Shares.

   --      The Company's 2021 shares closed at a mid-price of US$0.4880 on 30 June 2023 

(30 June 2022: US$0.5750). The 2021 Shares traded at an average discount to NAV of 14.77% during the six month period ended 30 June 2023 (30 June 2022: 5.51%).

-- The Company's Realisation shares closed at a mid- price of US$0.5600 on 30 June 2023 (30 June 2022: US$0.6500). The Realisation Shares traded at an average discount to NAV of 3.96% during the six month period ended 30 June 2023 (30 June 2022: 3.22%).

-- The Company declared dividends of 4.00 US cents per 2021 Share and Realisation Share in the six month period ended 30 June 2023.

Click on, or paste the following link into your web browser to view the Interim Report.

http://www.rns-pdf.londonstockexchange.com/rns/9079N_1-2023-9-27.pdf

LEI: 2138008KETEC1WM5YP90

Enquiries:

Fair Oaks Income Limited

Email: contact@fairoaksincome.com

Web: www.fairoaksincome.com

Fair Oaks Capital Limited

Investor Relations

DDI: +44 (0) 20 3034 0400

Email: ir@fairoakscap.com

Sanne Fund Services (Guernsey) Limited

Email: fairoaksgrp@apexfs.group

Numis Securities Limited

Nathan Brown/Matt Goss, Investment Banking

DDI: +44 (0) 20 7260 1426

Email: n.brown@numis.com /m.goss@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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END

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(END) Dow Jones Newswires

September 28, 2023 02:00 ET (06:00 GMT)

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