TIDMSQN

RNS Number : 0015F

SQN Asset Finance Income Fund Ltd

05 March 2020

5 March 2020

SQN Asset Finance Income Fund Limited

Conclusion of a further Anaerobic Digestion ("AD") plant

SQN Asset Finance Income Fund Limited (the "Company"), is pleased to announce the exit of a further AD Plant investment, at the end of February, and at a premium above the initially targeted yield.

The Company received an annualized investment yield of 13.51% against the originally booked figure of 11.16%. This is the fifth AD Plant investment, of the fifteen made by the Company, to be exited at a premium.

This disposition is consistent with the Investment Managers' plan to reduce the Company's exposure to this sector and evidences the ability of well performing assets in this sector to generate yield premiums.

The Company now has ten remaining AD Plant investments, six of which are subject to a review being undertaken by KPMG to assist the Board in determining their current fair value.

Each of the AD Plant investments concluded so far have been either joint ventures or smaller-scale plants. The larger investments made by the Company are still to be realised. The Investment Managers believe that these remaining assets will follow the same eventual pattern of reaching a steady-state of energy production and income and then be subsequently refinanced or sold as the method of exiting the transaction.

For further information please contact:

 
SQN Capital Management, LLC 
 Jeremiah Silkowski jsilkowski@sqncapital.com 
 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.

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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March 05, 2020 02:00 ET (07:00 GMT)

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