SQN Asset Finance Income Fund Ltd Monthly Net Asset Value and Dividend (2787H)
24 Marzo 2020 - 8:00AM
UK Regulatory
TIDMSQN
RNS Number : 2787H
SQN Asset Finance Income Fund Ltd
24 March 2020
24 March 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, 13
February 2020 and 5 March 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. It is
anticipated that an announcement will be made before the end of
March.
As at 29 February 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 29 February 2020, is as
follows:
Month-to-month 1 year return 3 year return Return since
return inception
0.61% 7.52% 14.54% 14.41%
Dividends
On 18 March 2020 the Company announced it would be suspending
the declaration of further dividend payments on both the Ordinary
and C Shares until further notice in order to conserve liquidity
until the impact of COVID-19 and the results of the Strategic
review can be determined. This is a temporary suspension and the
Company hopes to re-establish dividends in due course.
NAV Footnote(1)
The C Share NAV is quoted before deducting the 0.6042 pence per
share dividend, announced on 21 February 2020 that went ex-dividend
on 5 March 2020 and will be paid on 27 March 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 February 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 principal responsible for managing the
portfolio is 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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