SQN Asset Finance Income Fund Ltd Half-year Report - Delay in publication (3786I)
01 Aprile 2020 - 09:51AM
UK Regulatory
TIDMSQN
RNS Number : 3786I
SQN Asset Finance Income Fund Ltd
01 April 2020
1 April 2020
SQN Asset Finance Income Fund Limited
(the "Company")
LEI: 2138007S3YRY3IUU4W39
Delay to the publication of the Half-Yearly Report and Unaudited
Financial Statements
The Company announces that the publication of its half-yearly
financial report and unaudited financial statements for the period
ended 31 December 2019 (the "HY 2019 Accounts") will be delayed.
The Company announced yesterday, 31 March 2020, the outcome of the
Independent Review of the valuation of six AD plants, and
incorporating the outcome of this review into the HY 2019 Accounts
has taken time, particularly given the fact that the Investment
Managers and most of the staff of service providers to the Company,
including the auditors, have implemented their business continuity
plans to minimise the risks of Covid-19 to their staff. In
addition, the Covid-19 situation has naturally led to the team at
the Investment Managers engaging with portfolio companies in order
to assess the initial impact of the virus on the Company's
investments, in part to satisfy the expectation of additional
disclosures in relation to Covid-19 in the HY 2019 Accounts.
The Board, the Investment Managers, the relevant service
providers, together with the Company's auditors are in the process
of concluding their half-year review. The Company expects to
publish the HY 2019 Accounts no later than Friday 3 April 2020.
For further information please contact:
SQN Capital Management, LLC 01932 575 888
Jeremiah Silkowski jsilkowski@sqncapital.com
Nicola Bird nbird@sqncapital.com
Catherine Halford Riera chalford@sqncapital.com
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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