LONDON (Alliance News) - SQN Asset Finance Income Fund Ltd said Thursday it has successfully raised gross proceeds of GBP180.0 million after a combined share placing, open offer and offer for subscription.
SQN said it issued 180.0 million C shares in the company at 100 pence a share. 114.8 million shares will be issued via the placing, 58.5 million via the open offer and 6.7 million via the offer for subscription.
Shares in SQN were down 1.5% at 111.27 pence Thursday morning.
The company said the net proceeds will be invested in its existing investment pipeline and new business.
By Adam Clark; adamclark@alliancenews.com
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