Monthly Net Asset Value, Dividend and Fact Sheet

RNS Number : 7008R

SQN Secured Income Fund PLC

31 October 2019

 

31 October 2019                                  

SQN Secured Income Fund plc

Monthly Net Asset Value, Dividend and Fact Sheet

SQN Secured Income Fund plc (LSE: SSIF) (the "Company"), a specialist secured lending income investment trust, listed in the UK, is pleased to provide its monthly net asset value ("NAV") and dividend update in addition to its monthly fact sheet.

Net Asset Value

The Company announces that, as at 30 September 2019, the unaudited estimated NAV per ordinary share (cum-income, and in line with the guidance provided in the Company’s RNS of 8 October 2019 and provisioning outlined in the 30 June 2019 financial statements) was 93.18 pence.

The NAV total return in September 2019 was -1.23% (August 2019: 0.27%).

Dividend

The Company is pleased to announce the third monthly dividend for the year ending 30 June 2020:

Dividend amount:	0.583 pence per Ordinary Share
Ex-date:	07 November 2019
Record date:	08 November 2019
Payment date:	29 November 2019

The Company has elected to designate all of the dividends for the period ended 30 September 2019 as interest distributions to its shareholders. In doing so, the Company is taking advantage of UK tax treatment by "streaming" income from interest-bearing investments into dividends that will be taxed in the hands of shareholders as interest income.

Fact Sheet

The Company announces that it has today published its monthly fact sheet to the end of September 2019. Please follow the link below to access the fact sheet, which is also available to download from the Company’s website.

http://www.rns-pdf.londonstockexchange.com/rns/7008R_1-2019-10-30.pdf

(http://www.sqncapital.com/managed-funds/sqn-secured-income-fund/about/)

For further information please contact:

SQN Asset Management Limited Neil Roberts/Jeremiah Silkowski/Dawn Kendall	tel: [phone]
finnCap Ltd. Corporate Finance: William Marle / Giles Rolls Sales: Mark Whitfeld	tel: [phone]
Kepler Partners LLP Hugh van Cutsem	tel: [phone]
Buchanan Communications Charles Ryland/Henry Wilson	tel: [phone]

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 Jeremiah Silkowski, Dawn Kendall and Neil Roberts.

 

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