17th Aug 2015 16:04
LONDON (Alliance News) - Fair Oaks Income Fund Ltd on Monday raised a further USD6.8 million in a placing of 6.8 million C shares, following on from its raising of USD95 million last Thursday.
The fund last Thursday raised USD95.0 million through the issue of 95.0 million C shares at USD1.0 each.
Fair Oaks invests in US and European collateralized loan obligations, as well as other vehicles and structures which provide exposure to portfolios of US and European floating-rate senior secured loans.
Shares in Fair Oaks closed down 0.3% at USD1.00 Monday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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