Monthly NAV and Dividend

23 January 2017

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 December 2016, the Company's unaudited, estimated NAV per ordinary share (cum-income) was 99.45 pence. This includes the 0.6042 pence per ordinary share dividend announced on 19 December 2016 that went ex-dividend on 5 January 2017 and was paid today (23 January 2017). On a pro-forma basis, the unaudited estimated NAV, adjusted for the payment of this dividend to holders of ordinary shares, is 98.84 pence per ordinary share.

As at 31 December 2016, the Company's unaudited, estimated NAV was 98.20 pence per C share.

Dividend

The Company is pleased to announce a dividend of 0.6042 pence per ordinary share for the month ended 31 December 2016, reflecting an annualised dividend of 7.25 pence per share. The dividend will be payable on 20 February 2017 to holders of ordinary shares on the register on 3 February 2017. The ex-dividend date is 2 February 2017.

In accordance with the terms of the C Share prospectus, there is no dividend payable on the C Shares for the period to 31 December 2016.

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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.