Monthly NAV and Dividend
Updated : 07:05
21 November 2018
SQN Asset Finance Income Fund Limited
Monthly Net Asset Value and Dividend
Net Asset Value and Performance
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 October 2018, the unaudited estimated NAV per Ordinary Share was 97.58 pence (see below).1
As at 31 October 2018, the unaudited estimated NAV per C Share was 98.19 pence (see below).1
The Company also announces the cumulative NAV total return2 performance as at 31 October 2018, as follows:
Share class | Month-to-month return | 1 year return | 3 year return | Return since inception |
Ordinary shares | 0.51% | 5.62% | 21.25% | 30.42% |
C shares | 0.54% | 3.48% | - | 4.01% |
Dividends
The Company is pleased to announce a dividend of 0.6042 pence per Ordinary Share and per C Share for the month ended 31 October 2018, reflecting an annualised dividend of 7.25 pence per Ordinary Share and per C Share. The dividend will be payable on 17 December 2018 to holders of each share class on the register on 7 December 2018. The ex-dividend date is 6 December 2018.
Factsheet
The Company's factsheet for October 2018 will shortly be available on the Company's website: www.sqncapital.com/managed-funds/sqn-asset-finance-income-fund.
1NAV Footnote
The Ordinary Share and C Share NAVs are quoted before deducting the 0.6042 pence per share dividends, announced on 19 October 2018 that went ex-dividend on 1 November 2018 and were paid on 19 November 2018.
2Performance Footnote
The NAV total return details the change in NAV from the start of the relevant period and assumes that dividends paid to shareholders are reinvested at NAV.
This announcement contains information that is inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.
For further information please contact:
SQN Capital Management, LLC Jeremiah Silkowski Neil Robert | 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. The principals responsible for managing the portfolio are Neil Roberts and Jeremiah Silkowski.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.