Monthly Net Asset Value and Dividend

RNS Number : 5410E

SQN Asset Finance Income Fund Ltd

19 October 2018

 

19 October 2018

SQN Asset Finance Income Fund Limited

Monthly Net Asset Value and Dividend

Net Asset Value and Performance

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 September 2018, the unaudited estimated NAV per Ordinary Share was 97.68 pence (see below)¹.

As at 30 September 2018, the unaudited estimated NAV per C Share was 98.26 pence (see below)¹.

The Company also announces the cumulative  NAV total return² performance as at 30 September 2018, as follows:

Share class	Month-to-month return	1 year return	3 year return	Return since inception
Ordinary shares	0.52%	5.76%	21.33%	29.75%
C shares	0.51%	3.03%	-	3.45%

Dividends

The Company is pleased to announce a dividend of 0.6042 pence per Ordinary Share and per C Share for the month ended 30 September 2018, reflecting an annualised dividend of 7.25 pence per Ordinary Share and per C Share. The dividend will be payable on 19 November 2018 to holders of each share class on the register on 2 November 2018. The ex-dividend date is 1 November 2018.

Factsheet

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

¹NAV Footnote

The Ordinary Share and C Share NAVs are quoted before deducting  the 0.6042 pence per share dividends, announced on 21 September 2018 that went ex-dividend on 4 October 2018 and were paid on 17 October 2018.

²Performance Footnote

The NAV total return details the change in NAV from the start of the relevant period and assumes that dividends paid to shareholders are reinvested at NAV.

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 Neil Roberts and Jeremiah Silkowski.

 

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