Monthly NAV and Dividend

RNS Number : 9401O

SQN Asset Finance Income Fund Ltd

23 May 2018

 

23 May 2018

SQN Asset Finance Income Fund Limited

Monthly Net Asset Value and Dividend

Net Asset Value

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

As at 30 April 2018, the unaudited estimated NAV per ordinary share (cum-income) was 98.75 pence. This includes the 0.6042 pence per ordinary share dividend announced on 20 April 2018 that went ex-dividend on 3 May 2018 and was paid on 21 May 2018. On a pro-forma basis, the unaudited estimated NAV per ordinary share, adjusted for the payment of this dividend to holders of ordinary shares, is 98.15 pence.

As at 30 April 2018, the unaudited estimated NAV per C share (cum-income) was 97.73 pence.  This includes the 0.2083 pence per C share dividend announced on 20 April 2018 that went ex-dividend on 3 May 2018 and was paid on 21 May 2018. On a pro-forma basis, the unaudited estimated NAV per C share, adjusted for the payment of this dividend to holders of C shares, is 97.52 pence.

Dividends

The Company is pleased to announce a dividend of 0.6042 pence per ordinary share for the month ended 30 April 2018, reflecting an annualised dividend of 7.25 pence per share. The dividend will be payable on 18 June 2018 to holders of ordinary shares on the register on 1 June 2018. The ex-dividend date is 31 May 2018.

The Company is also pleased to announce a dividend on the C Share of 0.25 pence per C share for the month ended 30 April 2018. The dividend will be payable on 18 June 2018 to holders of C shares on the register on 1 June 2018.  The ex-dividend date is 31 May 2018.

In connection with the capital return announced on 1 May 2018, a proportion of the outstanding C Shares will be compulsorily redeemed by the Company on 25 May 2018 and will hence not be entitled to the above C Share dividend.

The Company's factsheet for April 2018 will shortly be available on the Company's website: www.sqncapital.com/managed-funds/sqn-asset-finance-income-fund. 

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 Henry Wilson	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, Northern Europe 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 Managers are SQN Capital Management, LLC, a Registered Investment Advisor with the United States Securities and Exchange Commission and its subsidiary, SQN Capital Management (UK) Limited. The principals responsible for managing the portfolio are Jeremiah Silkowski and Neil Roberts.

 

END

 

 

MSCLLFETERIFFIT