Monthly NAV and Dividend

RNS Number : 4912T

SQN Asset Finance Income Fund Ltd

21 March 2019

 

21 March 2019

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 28 February 2019, the unaudited estimated NAV per Ordinary Share¹ was 96.85 pence.

As at 28 February 2019, the unaudited estimated NAV per C Share¹ was  98.02 pence.

The Company also announces the cumulative NAV total return² performance as at 31 January 2019, as follows:

Share class	Month-to-month return	1 year return	3 year return	Return since inception
Ordinary shares	0.26%	5.35%	21.16%	32.69%
C shares	0.52%	5.40%	-	6.41%

Dividends

The Company is pleased to announce a dividend of 0.6042 pence per Ordinary Share and per C Share for the month ended 28 February 2019, reflecting an annualised dividend of 7.25 pence for each share class. The dividend will be payable on 26 April 2019 to holders of each share class on the register on 5 April 2019. The ex-dividend date is 4 April  2019.

Portfolio Update

A full investment and portfolio update will be provided in the half-yearly financial statements which are due to be released shortly.

¹NAV Footnote

The Ordinary Share and C Share NAVs are quoted before deducting the 0.6042 pence per share dividends, announced on 25 February 2019 that went ex-dividend on 7 March 2019 and will be paid on 29 March 2019.

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 February 2019 will shortly be available on the Company's website: www.sqncapital.com/managed-funds/sqn-asset-finance-income-fund. 

For further information please contact:

SQN Capital Management, LLC Jeremiah Silkowski Neil Robert	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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