15th Nov 2016 09:35
LONDON (Alliance News) - Fair Oaks Income Fund Ltd said Tuesday that it intends to return USD3.3 million to shareholders by way of a compulsory partial redemption of shares.
Fair Oaks said the redemption will be made at 97.10 US cents a share, equivalent to the net asset value per ordinary share at October 31, and made pro-rata to holdings of ordinary shares.
Fair Oaks said that approximately 1.1% of each shareholding will be redeemed, on the basis of 314.4 million issued shares.
Shares in Fair Oaks Income Fund were untraded at 96.70 US cents a share Tuesday morning.
By Adam Clark; [email protected]
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