21 Mar 2019 07:00
21 March 2019
SQN Asset Finance Income Fund Limited
Monthly Net Asset Value and Dividend
Net Asset Value and Performance
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 2019, the unaudited estimated NAV per Ordinary Share1 was 96.85 pence.
As at 28 February 2019, the unaudited estimated NAV per C Share1 was 98.02 pence.
The Company also announces the cumulative NAV total return2 performance as at 31 January 2019, as follows:
Share class | Month-to-month return | 1 year return | 3 year return | Return since inception |
Ordinary shares | 0.26% | 5.35% | 21.16% | 32.69% |
C shares | 0.52% | 5.40% | - | 6.41% |
Dividends
The Company is pleased to announce a dividend of 0.6042 pence per Ordinary Share and per C Share for the month ended 28 February 2019, reflecting an annualised dividend of 7.25 pence for each share class. The dividend will be payable on 26 April 2019 to holders of each share class on the register on 5 April 2019. The ex-dividend date is 4 April 2019.
Portfolio Update
A full investment and portfolio update will be provided in the half-yearly financial statements which are due to be released shortly.
1NAV Footnote
The Ordinary Share and C Share NAVs are quoted before deducting the 0.6042 pence per share dividends, announced on 25 February 2019 that went ex-dividend on 7 March 2019 and will be paid on 29 March 2019.
2Performance Footnote
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 2019 will shortly be available on the Company's website: www.sqncapital.com/managed-funds/sqn-asset-finance-income-fund.
For further information please contact:
SQN Capital Management, LLC Jeremiah Silkowski Neil Robert | 01932 575 888 | ||
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. The principals responsible for managing the portfolio are Neil Roberts and Jeremiah Silkowski.