20 Nov 2014 07:00
20 November 2014
SQN Asset Finance Income Fund Limited
Monthly Net Asset Value and Investment Update
Net Asset Value
SQN Asset Finance Income Fund Limited (the "Company"), the only diversified equipment leasing fund listed in the UK, is pleased to provide its monthly Net Asset Value ("NAV").
As at 31 October 2014, the Company's unaudited, estimated NAV per share was 98.26 pence per share (ex-dividend).
Investment Update
As at 20 November 2014 the Board had approved £109.6 million of investments. Of this, a total of £41.6 million has been funded in full or partial payments against the £68.6 million of committed/documented investments.
The invested portfolio is 51.1% UK (Sterling) and 48.9% US (Dollar) and the approved investments (excluding amounts funded) are 57.4% Sterling, 29.9% US Dollar and 12.7% Euro.
The Company continues to be pleased by the diverse range of assets in the portfolio and pipeline. The Company expects to commence monthly dividends from January 2015 in line with the policy set out in the prospectus at the time of the initial public offering in July 2014.
For further information please contact:
SQN Capital Management, LLC Jeremiah Silkowski Neil Roberts
| 01932 575 888 | ||||
Winterflood Securities Limited | 020 3100 0000 | ||||
Joe Winkley Neil Langford
| |||||
| 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 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 Manager is SQN Capital Management, LLC, a Registered Investment Advisor with the United States Securities and Exchange Commission. The principals responsible for managing the portfolio are Jeremiah Silkowski and Neil Roberts.