SQN Asset Finance Income Fund Ltd Update on Dividends (6339G)
18 Marzo 2020 - 12:32PM
UK Regulatory
TIDMSQN
RNS Number : 6339G
SQN Asset Finance Income Fund Ltd
18 March 2020
18 March 2020
SQN Asset Finance Income Fund Limited
("the Company")
Update on Dividends
In light of the ongoing uncertainty in economies and markets,
the Board of the Company resolved today to suspend the declaration
of further dividend payments on both the Ordinary and C share
classes until further notice. In order to conserve liquidity, no
further dividends will be declared until further clarity on the
impact of COVID-19 is available and the results of the strategic
review are determined.
The dividends declared on 21 February 2020 and payable on 27
March 2020 will continue to be paid.
The Manager will be contacting the Company's borrowers to review
and determine the extent to which COVID-19 is impacting their
businesses and will be reporting to the Board and shareholders in
due course.
The Board believe that the preservation of liquidity is
essential in the current uncertain environment.
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
UPDJPMBTMTJBBMM
(END) Dow Jones Newswires
March 18, 2020 07:32 ET (11:32 GMT)
Grafico Azioni Slf Realisation (LSE:SLFR)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Slf Realisation (LSE:SLFR)
Storico
Da Apr 2023 a Apr 2024