18 Mar 2020 11:32
18 March 2020
SQN Asset Finance Income Fund Limited
("the Company")
Update on Dividends
In light of the ongoing uncertainty in economies and markets, the Board of the Company resolved today to suspend the declaration of further dividend payments on both the Ordinary and C share classes until further notice. In order to conserve liquidity, no further dividends will be declared until further clarity on the impact of COVID-19 is available and the results of the strategic review are determined.
The dividends declared on 21 February 2020 and payable on 27 March 2020 will continue to be paid.
The Manager will be contacting the Company's borrowers to review and determine the extent to which COVID-19 is impacting their businesses and will be reporting to the Board and shareholders in due course.
The Board believe that the preservation of liquidity is essential in the current uncertain environment.
For further information please contact:
SQN Capital Management, LLC Jeremiah Silkowski jsilkowski@sqncapital.com Nicola Bird nbird@sqncapital.com Catherine Halford Riera chalford@sqncapital.com
| 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.