18th Feb 2015 08:45
LONDON (Alliance News) - Fair Oaks Income Fund Ltd Wednesday said it is raising USD5.0 million before costs and expenses with a placing of 5.0 million new shares, equating to USD1 per share.
The funds add to the USD39.7 million raised by Fair Oaks Income Fund in a placing of 40.0 million new shares announced on Monday.
Fair Oaks Income Fund shares were down 3.1% at USD0.993 on Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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