Monthly Net Asset Value and Dividend

RNS Number : 7803A

SQN Asset Finance Income Fund Ltd

24 January 2020

 

24 January 2020

SQN Asset Finance Income Fund Limited

Monthly Net Asset Value and Dividend

Net Asset Value and Performance

As announced by the Company on 20 January 2020, the publication of the NAV per Ordinary Share has been delayed whilst the Company undertakes a valuation of certain Anaerobic Digestion ("AD") assets. The Company will announce an update in due course.

As at 31 December 2019, the unaudited estimated NAV per C Share¹, which is not impacted by the valuation of the AD assets, was 98.03 pence.

The Company also announces the cumulative NAV total return² performance for the C Share class, as at 31 December 2019, is as follows:

	Month-to-month return	1 year return	3 year return	Return since inception
	0.68%	7.53%	13.17%	13.17%

Dividends

The Company announces a dividend of 0.6042 pence per share for both the Ordinary Share and C Share classes for the month ended 31 December 2019, reflecting an annualised dividend of 7.25 pence for each share class. The dividend will be payable on 28 February 2020 to holders of each share class on the register on 7 February 2020. The ex-dividend date is 6 February 2020.

¹NAV Footnote

The C Share NAV is quoted before deducting the 0.6042 pence per share dividend, announced on 20 December 2019 that went ex-dividend on 2 January 2020 and will be paid on 24 January 2020.

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.

Factsheet

The Company's factsheet for December 2019 will shortly be available on the 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 Victoria 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 Neil Roberts and Jeremiah Silkowski.

 

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