Monthly Net Asset Value and Dividend

RNS Number : 6450I

SQN Asset Finance Income Fund Ltd

21 June 2017

 

21 June 2017

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 31 May 2017, the unaudited estimated NAV per ordinary share (cum-income) was 99.62 pence. This includes the 0.6042 pence per ordinary share dividend announced on 23 May 2017 that went ex-dividend on 1 June 2017 and will be paid today (21 June 2017). On a pro-forma basis, the unaudited estimated NAV, adjusted for the payment of this dividend to holders of ordinary shares, is 99.02 pence per ordinary share.

As at 31 May 2017, the Company's unaudited estimated NAV per C share (cum-income) was 97.97 pence.

Dividend

The Company is pleased to announce a dividend of 0.6042 pence per ordinary share for the month ended 31 May 2017, reflecting an annualised dividend of 7.25 pence per share. The dividend will be payable on 19 July 2017 to holders of ordinary shares on the register on 7 July 2017.  The ex-dividend date is 6 July 2017.

In accordance with the terms of the C Share prospectus, there is no dividend payable on the C Shares for the period to 31 May 2017.

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 Hayns 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.

 

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