FAIR Fair Oaks Income Limited

TIDMFAIR TIDMFA17 TIDMTTM

RNS Number : 6546W

Fair Oaks Income Limited

18 April 2023

18 April 2023

Annual Financial Report - Replacement

This announcement replaces the announcements r eleased on 18 April 2023 at 07:00:06 under RNS No 5628W and at 11:30:19 under RNS No 6057W. The original announcements included an incorrectly formatted hyperlink to the full PDF of the annual report, and a typo on the Company Overview, financial highlights page, amending the figure of 'GBP20,390,880' for the 2021 Shares 31 December 2022 Net Assets, with GBP230,390,880, as correctly stated in the Statement of Financial Position . All other details of the announcement remain unchanged.

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)

Fair Oaks Income Limited (the "Company") is pleased to release the Annual Report and Audited Financial Statements for the year ended 31 December 2022 .

Highlights

   -- Fair Oaks Income Limited's (the "Company") Net Asset Value ("NAV") return per 2021 Share was -0.9% (31 December 
      2021: +22.7%) for the year ended 31 December2022 on a total return basis (with dividends reinvested). The NAV 
      return per Realisation Share was 0.5% (31 December2021: 22.7%) for the year ended 31 December 2022 on the same 
      basis. 
 
   -- As at 31 December 2022, the Company's total market capitalisation was US$228.7 million, comprising US$197.3 
      million of 2021 Shares and US$31.4 million of Realisation Shares. 
 
   -- The 2021 Shares closed at a mid-price of US$0.4900 on31 December 2022. The 2021 Shares traded at an average 
      discount to NAV of -9.88% during the year ended 31 December 2022. 
 
   -- The Realisation Shares closed at a mid-price of US$0.5650on 31 December 2022. The Realisation Shares traded at an 
      average premium to NAV of 1.33% during the year ended 31 December 2022. 
 
   -- The Company declared dividends of 9.50 US cents per 2021 Share and Realisation Share in the year ended 31 
      December 2022 (31 December 2021: 9.75 US cents per 2021 Share and Realisation Share). 

Click on, or paste the following link into your web browser to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/6546W_1-2023-4-18.xhtml

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

Ben Le Prevost

DDI: +44 (0) 20 3530 3105

Email:fairoaksgrp@apexfs.group / Ben.LePrevost@apexfs.group

Numis Securities Limited

Nathan Brown, Corporate Broking

DDI: +44 (0) 20 7260 1426

Email: n.brown@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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April 18, 2023 12:36 ET (16:36 GMT)

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