Overview
Fair Oaks Income Fund announced on 22 June 2015 that it was giving consideration to potentially issuing some ordinary shares or C-shares. The company has now followed this up with an announcement that, following consultation with certain existing and potential shareholders, it is making arrangements for a potential issue of up to 200 million C Shares at an issue price of $1. The company currently expects that it will publish a new prospectus early in August and that a placing of C Shares will close on or around 10 August 2015. The current market cap is c£138m.
Fair Oaks is considering a potential C-share issue: FAIR