Monthly Net Asset Value and Dividend

RNS Number : 4435C

SQN Asset Finance Income Fund Ltd

22 January 2018

 

22 January 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 31 December 2017, the unaudited estimated NAV per ordinary share (cum-income) was 99.24 pence. This includes the 0.6042 pence per ordinary share dividend announced on 21 December 2017 that went ex-dividend on 4 January 2018 and will be paid on 23 January 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 98.63 pence.

As at 31 December 2017, the unaudited estimated NAV per C share (cum-income) was 97.84 pence.  This includes the 0.1667 pence per C share dividend announced on 21 December 2017 that went ex-dividend on 4 January 2018 and was paid on 23 January 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 97.67 pence.

Dividends

The Company is pleased to announce a dividend of 0.6042 pence per ordinary share for the month ended 31 December 2017, reflecting an annualised dividend of 7.25 pence per share. The dividend will be payable on 19 February 2018 to holders of ordinary shares on the register on 2 February 2018. The ex-dividend date is 1 February 2018.

The Company is also pleased to announce a dividend on the C Share of 0.1667 pence per C share for the month ended 31 December 2017. The dividend will be payable on 19 February 2018 to holders of C shares on the register on 2 February 2018. The ex-dividend date is 1 February 2018.

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	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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