SQN.L Regulatory News (SQN)

21 March 2018

SQN Asset Finance Income Fund Limited

Monthly Net Asset Value and Dividend

Net Asset Value

SQN Asset Finance Income Fund Limited (the "Company"), the leading diversified equipment leasing fund listed in the UK, is pleased to provide its monthly net asset value ("NAV") update.

As at 28 February 2018, the unaudited estimated NAV per ordinary share (cum-income) was 99.00 pence. This includes the 0.6042 pence per ordinary share dividend announced on 21 February 2018 that went ex-dividend on 1 March 2018 and was paid on 19 March 2018. On a pro-forma basis, the unaudited estimated NAV per ordinary share, adjusted for the payment of this dividend to holders of ordinary shares, is 98.40 pence.

As at 28 February 2018, the unaudited estimated NAV per C share (cum-income) was 97.73 pence. This includes the 0.1667 pence per C share dividend announced on 21 February 2018 that went ex-dividend on 1 March 2018 and was paid on 19 March 2018. On a pro-forma basis, the unaudited estimated NAVper C share, adjusted for the payment of this dividend to holders of C shares, is 97.56 pence.

Dividends

The Company is pleased to announce a dividend of 0.6042 pence per ordinary share for the month ended 28 February 2018, reflecting an annualised dividend of 7.25 pence per share. The dividend will be payable on 18 April 2018 to holders of ordinary shares on the register on 3 April 2018. The ex-dividend date is 29 March 2018.

The Company is also pleased to announce an increased dividend on the C Share of 0.2083 pence per C share for the month ended 28 February 2018. The dividend will be payable on 18 April 2018 to holders of C shares on the register on 3 April 2018. The ex-dividend date is 29 March 2018.

Interim Report and Financial Statements

A full investment and portfolio update will be provided in the half-yearly financial statements which are due to be released on Friday 23 March 2018.

For further information please contact:

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 Managersare 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 principals responsible for managing the portfolio are Jeremiah Silkowski and Neil Roberts.