Appointment of Relationship Bank

RNS Number : 2372E

SQN Secured Income Fund PLC

08 February 2018

 

8 February 2018                                                                   

SQN Secured Income Fund plc

Appointment of Relationship Bank

SQN Secured Income Fund plc (LSE: SSIF) (the "Company"), a specialist secured lending income investment trust, listed in the UK is pleased to announce that it has opened a new banking only relationship with Royal Bank of Scotland International. This relationship will replace Butterfield Bank (Guernsey) Limited.

The Company is not currently required by the EU Alternative Investment Fund Managers Directive ("AIFMD") as implemented in the United Kingdom (the "AIFMD") to appoint a custodian or depositary.  In the interest of containing expenses and based on the nature of the Company's investments, the Board does not intend to employ a custodian or to appoint a depositary.

 (www.sqnsecuredincome.com).

For further information please contact:

SQN Asset Management Limited Neil Roberts/Jeremiah Silkowski/Dawn Kendall	tel: [phone]
Cantor Fitzgerald Europe Sue Inglis	tel: [phone]
Buchanan Communications Charles Ryland/Vicky Hayns/Henry Wilson	tel: [phone]
www.sqnsecuredincome.com

Notes to Editor

The Company aims to provide shareholders with attractive risk-adjusted returns, principally in the form of regular, sustainable dividends, through investment predominantly in a range of secured loans and other secured loan-based instruments originated through a variety of channels and diversified by way of asset class, geography and duration.

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 Asset Management Limited. The principals responsible for managing the portfolio are Dawn Kendall, Neil Roberts, and Jeremiah Silkowski.

 

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