Register Log-in Investor Type

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 Shares, representing the balance of 84.7%. Based on the above election results and the share price as at close of business on 27 March 2017, the 2017 Share class would have an opening market capitalisation of approximately US$262.2 million.

FAIR : 85% rollover for Fair Oaks Income

Leave a Reply

Your email address will not be published. Required fields are marked *

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…