SQN Asset Finance Income Fund Ltd Net Asset Value and Dividend (6449D)
21 Febbraio 2020 - 08:00AM
UK Regulatory
TIDMSQN
RNS Number : 6449D
SQN Asset Finance Income Fund Ltd
21 February 2020
21 February 2020
SQN Asset Finance Income Fund Limited
Monthly Net Asset Value and Dividend
Net Asset Value and Performance
Further to the announcements made on 20 and 24 January 2020 and
13 February 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 once this review has been completed.
As at 31 January 2020, the unaudited estimated NAV per C Share
(1) , which is not impacted by the valuation of the AD assets, was
97.90 pence .
The Company also announces the cumulative NAV total return(2)
performance for the C Share class, as at 31 January 2020, is as
follows:
Month-to-month 1 year return 3 year return Return since
return inception
0.49% 7.43% 13.79% 13.72%
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
January 2020, reflecting an annualised dividend of 7.25 pence for
each share class. The dividend will be payable on 27 March 2020 to
holders of each share class on the register on 6 March 2020. The
ex-dividend date is 5 March 2020.
Mindful of feedback received from shareholders, the Company will
be undertaking a review of its dividend policy as part of the
Strategic Review. Until that review is completed, the Board
intends, subject to solvency considerations, to continue to pay a
dividend of 0.6042 pence per Ordinary share even though this is not
fully covered by underlying income received.
The Board anticipates making an announcement in relation to the
Strategic Review during April.
NAV Footnote(1)
The C Share NAV is quoted before deducting the 0.6042 pence per
share dividend, announced on 24 January 2020 that went ex-dividend
on 6 February 2020 and will be paid on 28 February 2020.
Performance Footnote(2)
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 January 2020 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
Nicola Bird - nbird@sqncapital.com
Catherine Halford Riera - chalford@sqncapital.com 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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