12 Jan 2018 13:49
12 January 2018
SQN Asset Finance Income Fund Limited
(the "Company" or "SQN")
Update on Suniva, Inc
SQN, the leading diversified equipment leasing fund listed in the UK, is pleased to announce that progress continues to be made on the resolution for protection of the US solar cell manufacturing industry and specifically for the Company's investment in Suniva, Inc. As reported in the 21 December 2017 investment update, the resolution was originally due to be announced by the White House on 12 January 2018 but that date has been put back by 14 days while the United States Trade Representative's Office commissioned a special report to set the stage for the remedy announcement. The special report is intended to pre-empt any objections to the remedy that may be brought before the World Trade Organization (WTO). While there can be no assurances until the actual announcement, which cannot be delayed beyond 26 January 2018, the Company interprets the government's action in issuing the special report as a strong indication that it intends to take decisive action in implementing a remedy.
Ends
For further information please contact:
SQN Capital Management, LLC Jeremiah Silkowski Neil Roberts
| 01932 575 888 | ||||
Winterflood Securities Limited | 020 3100 0000 | ||||
Neil Langford Chris Mills
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| 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 Jeremiah Silkowski and Neil Roberts.