SQN.L Regulatory News (SQN)

20 April 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 31 March 2018, the unaudited estimated NAV per ordinary share (ex-dividend) was 98.28 pence. This includes the 0.6042 pence per ordinary share dividend announced on 21 March 2018 that went ex-dividend on 29 March 2018 and was paid on 18 April 2018.

As at 31 March 2018, the unaudited estimated NAV per C share (ex-dividend) was 97.49 pence. This includes the 0.2083 pence per C share dividend announced on 21 March 2018 that went ex-dividend on 29 March 2018 and was paid on 18 April 2018.

Dividends

The Company is pleased to announce a dividend of 0.6042 pence per ordinary share for the month ended 31 March 2018, reflecting an annualised dividend of 7.25 pence per share. The dividend will be payable on 21 May 2018 to holders of ordinary shares on the register on 4 May 2018. The ex-dividend date is 3 May 2018.

The Company is also pleased to announce a dividend on the C Share of 0.2083 pence per C share for the month ended 31 March 2018. The dividend will be payable on 21 May 2018 to holders of C shares on the register on 4 May 2018. The ex-dividend date is 3 May 2018.

C Share Update

Progress continues on the deployment of the C Share capital with three additional investments made in March, including a £4.4 million investment in waste processing equipment and £6.4 million in automotive manufacturing equipment, making a total investment of £66 million in the C shares to date.

In addition, the circular, advised to shareholders in the interim accounts, regarding the return of C share capital and the extension of the C share conversion date, is currently being finalised and will be sent out in early May.

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 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 Jeremiah Silkowski and Neil Roberts.