28th Sep 2023 14:22
Fair Oaks Income Ltd - Guernsey-based closed-ended investor in collateralised loan obligations - In the first half of 2023, net asset value return per 2021 share was 8.9%, swung from negative 5.3% a year prior. As at June 30, NAV per share was USD0.584, up from USD0.5721 at December 31. Declares interim dividend of 4.00 US cents per share, down 20% from 5.00 cents a year ago. Looking ahead, expects to generate attractive risk-adjusted returns in the second half of 2023.
Current stock price: USD0.57
12-month change: down 1.5%
By Tom Budszus, Alliance News reporter
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