1 Apr 2020 08:51
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 Jeremiah Silkowski Nicola Bird Catherine Halford Riera
| 01932 575 888 jsilkowski@sqncapital.com nbird@sqncapital.com chalford@sqncapital.com | ||
Winterflood Securities Limited |
020 3100 0000 | ||
Neil Langford Chris Mills
|
| ||
| 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.