Fair Oaks Income Limited
17 December 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 FOIF LP (the "Master Fund" of the 2014 Share Class) has exercised its discretion to extend the commitment period of the Master Fund a further, and final, year to 27 May 2021.
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. 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: [email protected]
Web: www.fairoaksincome.com
Fair Oaks Capital Limited
Investor Relations
DDI: +44 (0) 20 3034 0400
Email: [email protected]
Praxis Fund Services Limited
Ben Le Prevost
DDI: +44 (0) 1481 755524
Email: [email protected]
Numis Securities Limited
Nathan Brown, Corporate Broking
DDI: +44 (0) 20 7260 1426
Email: [email protected]
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.
