Monthly NAV and Dividend

RNS Number : 6458M

SQN Asset Finance Income Fund Ltd

22 January 2016

 

22 January 2016

SQN Asset Finance Income Fund Limited

Monthly Net Asset Value and Dividend

Net Asset Value

SQN Asset Finance Income Fund Limited (the "Company"), the only diversified equipment leasing fund listed in the UK, is pleased to provide its monthly net asset value ("NAV") update.

As at 31 December 2015, the Company's unaudited, estimated NAV was 99.84 pence per ordinary share (cum-income). This includes the 0.6042 pence per ordinary share dividend announced on 21 December 2015 that went ex-dividend on 7 January 2016 and was paid on 19 January 2016. On a pro-forma basis, the unaudited estimated NAV, adjusted for the payment of this dividend to holders of ordinary shares, is 99.24 pence per ordinary share.

As at 31 December 2015, the Company's unaudited, estimated NAV was 98.42 pence per C share.

Dividend

The Company is pleased to announce a dividend of 0.6042 pence per ordinary share for the month ended 31 December 2015, reflecting an annualised dividend of 7.25 pence per share. The dividend will be payable on 22 February 2016 to holders of ordinary shares on the register on 5 February 2016. The ex-dividend date is 4 February 2016.

In accordance with the terms of the C Share prospectus, there is no dividend payable on the C Shares for the period to 31 December 2015.

For further information please contact:

SQN Capital Management, LLC Jeremiah Silkowski Neil Roberts	01932 575 888
Winterflood Securities Limited	020 3100 0000
Neil Langford Chris Mills
Buchanan Charles Ryland Vicky Watkins	020 7466 5000

Notes to Editor

The Company invests in equipment lease and asset finance arrangements across a diverse portfolio of assets and industries predominantly in the UK and US. The Company focuses on business-essential, revenue-producing (or cost saving) equipment and other assets with high in-place value and long economic life relative to the investment term.

The Company's Investment Manager is SQN Capital Management, LLC, a Registered Investment Advisor with the United States Securities and Exchange Commission. The principals responsible for managing the portfolio are Jeremiah Silkowski and Neil Roberts.

 

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