Investment Trusts

Fair Oaks Income Limited 2021

FAIR:LSE

Fair Oaks Income Limited 2021

  • Price (USD)0.565
  • Today's Change-0.005 / -0.88%
  • Shares traded122.63k
  • 1 Year change15.78%
  • Beta--
Data delayed at least 20 minutes, as of Apr 26 2024 13:13 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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