30 Dec 2016 07:00
30 December 2016
SQN Asset Finance Income Fund Limited
Non-Mainstream Pooled Investments (NMPIs)
SQN Asset Finance Income Fund Limited (the "Company") is pleased to announce a clarifying statement relating to UK Financial Conduct Authority ("FCA") rules on the restrictions on the retail distribution of unregulated collective investment schemes and close substitutes (referred to as "Non-Mainstream Pooled Investments" or "NMPI"), which came into effect on 1 January 2014, and their applicability in relation to the Company.
The Board has received appropriate legal and accounting advice that confirms that the Company's shares will qualify as an 'excluded security' under these rules and will therefore be excluded from the FCA's restrictions that apply to NMPIs.
It is the Board's intention that the Company will continue to conduct its affairs in such a manner that the Company's shares will continue to be excluded from the FCA's rules relating to NMPIs.
For further information please contact:
BNP Paribas Securities Services S.C.A., Guernsey Branch
Company Secretary
Sarah Hendry
Tel: 01481 750822
SQN Capital Management, LLC
Investment Manager
Jeremiah Silkowski or Neil Roberts
Tel: 01932 575 888