Fair Oaks Income Limited Scrip Dividend Reference Price (3044C)
January 18 2018 - 11:00AM
UK Regulatory
TIDMFAIR TIDMTTM TIDMFA14
RNS Number : 3044C
Fair Oaks Income Limited
18 January 2018
Fair Oaks Income Limited
18 January 2018
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)
SCRIP DIVIDEND REFERENCE PRICE
Further to the announcement made on 2 January 2018, regarding
the Company offering a scrip dividend alternative, the Company
confirms that the scrip dividend reference price for the 2017
Shares to be issued to shareholders electing to receive the scrip
dividend alternative for the interim dividend for the month ended
31 December 2017, payable on 9 February 2018, will be USD 1.02 per
share.
The scrip reference price is calculated as the higher of (i) the
prevailing net asset value per 2017 Share; and (ii) the average of
the Company's closing middle market price of a 2017 Share for the
five consecutive dealing days commencing on the ex-dividend date of
11 January 2018 (which was USD 1.02). The estimated unaudited net
asset value per 2017 Share as of 29 December 2017 was USD 1.0016
(or USD 0.9441 adjusted to exclude the 5.75 US cents interim
dividend for the month ended 31 December 2017 to which the new 2017
Shares will not be entitled).
Shareholders who do not wish to elect for shares do not need to
complete an election form.
The expected timetable for the payment of the interim dividend
is set out below:
Final date for receipt by the Receiving Agent of forms of
election 5.00pm on 26 January 2018
Posting of cheques, tax vouchers and certificates 8 February
2018
Dividend payment date and CREST payment instructions released 9
February 2018
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
Praxis Fund Services Limited
Ben Le Prevost
DDI: +44 (0) 1481 755524
Email: Ben.LePrevost@praxisifm.com
Numis Securities Limited
Nathan Brown, Corporate Broking
DDI: +44 (0) 20 7260 1426
Email: n.brown@numis.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 the Master Fund and/or Master
Fund II) 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 and making new
investments in Master Fund II.
Notes
1) The General Partner's estimate of the potential total return
for this investment in calculated across certain scenarios and
subject to certain assumptions. This and any other references
herein to potential future returns or distributions are targets and
not forecasts and there can be no guarantee or assurance that they
will be achieved.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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