Fair Oaks Income : FAIR

Research History

• 07 Jul 2020 10 min read

  QuotedData’s Investment Companies Roundup – July 2020

  Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments  Table of contents  New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list  New research Here is a list of research we published over June: CQS New City High Yield – […]

• 17 Apr 2020 12 min read

  QuotedData’s Investment Companies Quarterly Review – First Quarter 2020

  Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments  Table of contents  In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research The legal bit  Unprecedented times  We have knitted […]

• 07 Apr 2020 11 min read

  QuotedData’s Investment Companies Roundup – April 2020

  Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments  Table of contents  New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list  New research Here is a list of research we published over March: An update note […]

• 06 Dec 2019 8 min read

  QuotedData’s investment companies roundup – December 2019

  Investment Companies Roundup Kindly sponsored by Baillie Gifford  Table of contents  New research In this issue Performance data Discounts and premiums Money in and out Income Events  New research  Here is a list of research we published over November: An initiation note on Henderson High Income “We have initiated coverage on Henderson High Income (HHI). Since […]

• 07 Oct 2019 8 min read

  QuotedData’s economic roundup – October 2019

  Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]

• 08 May 2019 6 min read

  QuotedData’s economic roundup – May 2019

  Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]

• 16 Oct 2018 2 min read

  Quarterly Investment Companies Roundup – Third Quarter 2018

  Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018.  This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]

• 18 Jan 2018 2 min read

  QuotedData – 2017 review of the year

  QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside:  US markets hit new highs despite three interest rate rises.  Perceived low/no growth areas such as Europe and Japan burst into life.  Asia’s technology stocks surged.  India’s […]

• 11 Dec 2017 2 min read

  QuotedData investment companies roundup – December 2017

  QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]

• 16 May 2017 2 min read

  QuotedData investment companies roundup – May 2017

  QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]

• 10 Apr 2017 1 min read

  QuotedData investment companies roundup – April 2017

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup    

• 07 Dec 2016 1 min read

  QuotedData investment companies roundup – December 2016

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup

• 27 Oct 2016 1 min read

  Quarterly investment companies roundup – Third quarter 2016

  Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup

• 13 Oct 2016 1 min read

  QuotedData investment companies roundup – October 2016

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup

News

• 20 Jul 2020 1 min read

  Fair Oaks Income to bring back dividend

  Fair Oaks Income (FAIR) will resume the payment of dividends, on a quarterly basis and at a variable rate. The board’s decision has been made in light of the continued performance and the increased resilience of Master Fund II’s investments.  FAIR expects to announce the first quarterly dividend at the end of July in an amount of […]

• 03 Apr 2020 4 min read

  Debt problems

  Oil companies, airlines, travel companies, retailers – I am sure we can all think of examples of businesses that have been hit hard by COVID-19. Many of these businesses weren’t doing particularly well even before the lockdowns began. Default rates on loans to these sectors are set to rocket. Already, a large US shale oil […]

• 30 Mar 2020 2 min read

  Fair Oaks Income to suspend its dividend

  Fair Oaks Income (FAIR) announced that in light of the ongoing uncertainty in economies and markets caused by covid-19, the board has resolved to suspend the declaration of dividend payments: “The board and the manager recognise the importance of dividends for shareholders but believe that suspension is the appropriate reaction to the unprecedented circumstances. In […]

• 14 Nov 2019 1 min read

  QuotedData’s other news 14 November 2019

  In QuotedData’s other news 14 November 2019 At the half-year stage (30 September in its case), Next Energy Solar’s NAV crept up to 111.2p from 110.9p, supporting a 6.7% return to shareholders. Dividends for the first half totalled 3.44p, up from 3.325p. Electricity generation was 5% above budget, powering the equivalent of 134,000 homes for the […]

• 28 Mar 2017 1 min read

  85% rollover for Fair Oaks Income

  On 9 March 2017, Fair Oaks Income Fund announced proposals which included a chance for shareholders to extend the duration of their investment in the company and also a further equity raise. 47,428,202 shares have been elected for re-designation as 2014 Shares, representing 15.3% of the shares currently in issue. Consequently, 263,510,368 shares will be re-designated as 2017 […]

• 13 Mar 2017 3 min read

  Fair Oaks looks to extend life

  Fair Oaks Income Fund has just published reorganisation proposals. The purpose of the Reorganisation Proposal is to allow those Shareholders who wish to extend the life of their investment in the Company beyond the planned end date of the existing Master Fund, FOIF LP, to be able to do so by having their Ordinary Shares re-designated as […]

• 15 Nov 2016 1 min read

  UIL, Industrial Multi Property Third Quarter Winners – QuotedData

  LONDON (Alliance News) – The best performer in both price and net asset value terms in the third quarter was UIL Ltd, boosted by its largest investment, Australian-listed Resolute Mining Ltd, which benefited from a strong gold price. Industrial Multi Property Trust PLC and Kubera-Cross Border Fund Ltd both saw recoveries in their share price […]

• 07 Nov 2016 1 min read

  Fair Oaks will launch new master fund

  The commitment period of FOIF LP (the “Master Fund”) in which Fair Oaks Income Fund is invested ended in June 2016. The Company has subsequently introduced a redemption mechanism to return to Shareholders capital realised from the Master Fund and has made its first distribution under that mechanism. Fair Oaks Capital Limited, the Company’s investment […]

• 14 Sep 2016 1 min read

  Fair Oaks Income announces first details of first redemption

  Fair Oaks Income Fund has announced that, further to the announcement it made on 4 July 2016 regarding its intention to return capital to Shareholders, it will return $5,930,400 (equivalent to 1.849 cents per share) on 29 September by way of a compulsory partial redemption of shares (the First Redemption). The company says that the […]

• 26 Aug 2016 1 min read

  Fair Oaks Income Fund rebounds in July

  Fair Oaks Income Fund says its NAV was down 0.3% over the first six months of 2016 but the share price generated a disappointing 11.3% return. Although the NAV outperformed the JP Morgan B rated CLO Index (-7.7%), it underperformed the US bank loan and high yield indices (+4.2% and +9.3% respectively). July saw a strong recovery in […]

• 04 Jul 2016 2 min read

  Fair Oaks Income updates on distribution policy, share buyback and capital returns

  Fair Oaks Income Fund has announced that the commitment period of the Master Fund, in which it is invested, ended on 12 June 2016. Reflecting this, the board says that it intends to continue to pay eleven monthly dividends of 0.7 US cents per share and a twelfth interim dividend, “representing an amount in aggregate […]

• 08 Apr 2016 1 min read

  Fair Oaks generates small loss with no defaults in 2015

  Fair Oaks Income Fund generated a total NAV return of -1.5% over the course of 2015 despite the weakness suffered by the market in the last quarter of 2015. The total return based on share price was 4.7% and the company’s ordinary shares ended the year trading at a 9.7% premium to NAV. The shares outperformed the US bank […]

• 17 Sep 2015 1 min read

  Fair Oaks invests in Ares XXXV CLO

  Fair Oaks Income Fund Limited has announced that the underlying “Master Fund” has entered into binding contracts to acquire, in the primary market, $26.0m notional of equity notes, representing 68.5% of the total equity of Ares XXXV CLO, a new CLO backed by a portfolio of US broadly syndicated, secured loans. The manager of this […]

• 31 Aug 2015 2 min read

  28 August interim results roundup

  A quick summary of interim results for periods ended 30 June 2015 announced on 28 August 2015 Aberdeen Smaller Companies High Income NAV total return 15.8%, share price total return 21.8%. Well ahead of FTSE Small Cap Index ex Investment Companies return of 11.9%. Outperformance helped by bids for Domino Printing and Anite Candover NAV […]

• 25 Aug 2015 1 min read

  Fair Oaks invests in Alcentra CLO

  Fair Oaks Income Fund  says the Fair Oaks Income Fund LP (the “Master Fund”) has entered into binding contracts to acquire, in the primary market, $28.0 million notional of equity notes, representing 73% of the total equity, and $8.6m notional of Class F notes of Shackleton 2015-VIII CLO, a new CLO backed by a portfolio […]

• 21 Jul 2015 1 min read

  Fair Oaks is considering a C-share issue

  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 […]

• 22 Jun 2015 1 min read

  Fair Oaks new investment with 14%-16% return

  Fair Oaks Income Fund is buying, in the primary market, $26.4m notional of equity notes, representing 75% of the total equity of Neuberger Berman CLO XIX, a new CLO backed by a portfolio of US broadly syndicated, secured loans. The manager of this CLO’s portfolio is Neuberger Berman Fixed Income LLC, a subsidiary of Neuberger […]

• 07 Apr 2015 1 min read

  Fair Oaks generates positive returns despite poor backdrop

  Fair Oaks Income has announced results for the period ended 31 December 2014. The company listed in June 2014. Over the period from launch to the end of the year, the NAV return was 4.2% and the share price return 4.3%. They paid a first dividend of 4.25 cents per share and have switched since to paying […]

• 04 Mar 2015 1 min read

  GLI sells Fair Oaks stake

  GLI Finance has sold its entire stake in Fair Oaks Income Fund (34,298,425 shares) to a fund advised by Coller Capital. GLI Finance was a founder shareholder in Fair Oaks Income. Its shares were received in exchange for the injection of GLI Finance’s CLO investments into Fair Oaks’ portfolio. With this deal, GLI Finance finally […]

• 16 Jan 2015 1 min read

  Fair Oaks Income paying first dividend

  Fair Oaks Income has announced its first dividend since it launched in June 2014. Shareholders on the register on 30 January will get a 4.25 cent per share dividend. the Board of Fir Oaks has decided that the fund will now shift to paying monthly dividends, with the first of these payable in February. Fair […]

• 22 Dec 2014 1 min read

  Fair Oaks redeeming T2 CLO investment

  Fair Oaks Income Fund has announced that it has exercised its right as majority holder of the Income Notes in T2 Income Fund CLO I Ltd to redeem all of the notes of T2 CLO. they say the liquidation of the remaining assets in T2 CLO is well underway with the vast majority of assets sold in […]

• 31 Oct 2014 1 min read

  Fair Oaks 88% committed

  FAIR : Fair Oaks 88% committed Fair Oaks Income Fund says it plans to acquire $26m of equity notes that make up 51% of the equity of a new CLO, Covenant Credit Partners CLO II Ltd. Covenant Credit Partners CLO II Ltd is a $500m CLO backed by a portfolio of broadly syndicated secured loans to […]

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In The Press

• 14 Apr 2020 2 min read

  The out of favour trusts that are cheap for a reason

  The out-of-favour investment trusts that are cheap for a reason Investors on the lookout for investment trust bargains risk catching the proverbial falling knife. Money Observer, April 8, 2020 by Kyle Caldwell Substantial stock market corrections offer brave investors the chance to go bargain-hunting, but the big caveat and trade-off is the risk of catching the proverbial falling knife. […]

• 07 Feb 2019 2 min read

  Investment Trust Insider on M&G Credit Income

  Investment Trust Insider on M&G Credit Income – James Carthew: M&G hopes lower bond target will still appeal after loan wobble It was not only equity markets that struggled at the end of last year, many debt funds had a torrid time. One of the worst affected has been Marble Point Loan Financing (MPLF). It said […]

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