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GUERNSEY - Fair Oaks Income Limited announced Thursday it has issued 500,000 of its 2021 Shares from treasury to satisfy market demand. The transaction, which took place on June 24, was executed at 52.88 cents per share, representing a premium to the prevailing net asset value.
The Guernsey-registered closed-ended collective investment scheme indicated it may issue additional shares subject to continued market demand at a premium to net asset value. The company also affirmed its commitment to the share buyback program initially announced in September 2022.
Following this transaction, Fair Oaks Income reported that its total voting rights now stand at 419,711,637 across its share classes. The company’s capital structure currently consists of 405,815,477 2021 Shares (including 19,235,626 held in treasury) and 33,131,786 Realisation Shares.
Both the 2021 Shares and Realisation Shares carry one vote per share, excluding those held in treasury. The company noted that shareholders may use the updated voting rights figure as the denominator for calculations to determine if they need to notify their interest in the company under the FCA’s Disclosure Guidance and Transparency Rules.
The information was disclosed in a press release statement issued by the company.
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