Investment Trusts

Fair Oaks Income Limited 2021

FAIR:LSE

Fair Oaks Income Limited 2021

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  • Price (USD)0.55
  • Today's Change0.00 / 0.00%
  • Shares traded100.38k
  • 1 Year change+11.11%
  • Beta--
Data delayed at least 20 minutes, as of Mar 28 2024 16:33 BST.
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Profile

Management group(s)Fair Oaks Capital Limited
AIC sectorDebt - Structured Finance
ISINGG00BNNLWT35
Launch date12 Jun 2014
Share typeOrdinary Share
StructureInvestment Trust
Base currencyUSD

Objective

The investment objective of the Company is to generate attractive, risk-adjusted returns, principally through income distributions.The investment policy of the Company is to invest (either directly and/or indirectly through the Master Fund II and/or Master Fund III) in US, UK and European Collateralised Loan Obligations (“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.

Managed by

Not Disclosed

Management & contract fees

An advisory fee of 1% p.a. of the NAV. The Investment Advisor agrees to reinvest its fees for a calendar quarter in circumstances where the Shares trade at any discount to the then-prevailing NAV per Share at the end of such quarter.

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