Result of AGM

RNS Number : 8814K

SQN Secured Income Fund PLC

18 December 2018

 

SQN Secured Income Fund plc

(the "Company")

18 December 2018

Result of AGM

SQN Secured Income Fund plc, a UK-listed specialist investment trust with a focus on secured investments that produce regular income, is pleased to announce that at the Company's Annual General Meeting ("AGM") held earlier today, all resolutions were passed. Votes were received for 20,445,833 Ordinary Shares, representing 38.83% of the Company's share register. The resolutions put forward at the AGM and the votes cast are detailed below:

Resolution		For	Abstain	Against	Result
	As Ordinary Business
Ordinary Resolution 1	To receive annual report and accounts.	20,445,833	0	0	Resolution carried
Ordinary Resolution 2	To approve Directors' Remuneration Policy.	20,395,833	50,000	0	Resolution carried
Ordinary Resolution 3	To approve Directors' Remuneration Report.	20,395,833	50,000	0	Resolution carried
Ordinary Resolution 4	To re-elect RSM UK Audit LLP as auditor.	20,393,133	0	52,700	Resolution carried
Ordinary Resolution 5	To authorise Audit and Valuation Committee to determine auditor's remuneration.	20,395,833	50,000	0	Resolution carried
Ordinary Resolution 6	To elect Gaynor Coley as a Director.	20,395,833	50,000	0	Resolution carried
Ordinary Resolution 7	To re-elect Kenneth Hillen as a Director.	20,445,833	0	0	Resolution carried
Ordinary Resolution 8	To re-elect David Stevenson as a Director.	20,445,833	0	0	Resolution carried
	As Special Business
Ordinary Resolution 9	To authorise allotment of shares representing 20% of the Company's issued Ordinary Share capital (as at the date of the notice convening the AGM).	20,393,133	0	52,700	Resolution carried
Special Resolution 10	To disapply pre-emption rights in respect of allotment of shares and sales of shares from treasury representing 20% of the Company's issued Ordinary Share capital (as at the date of the notice convening the AGM).	17,895,833	0	2,550,000	Resolution carried
Special Resolution 11	To authorise market purchases by the Company of shares representing 14.99% of the Company's issued Ordinary Share capital.	20,395,833	0	50,000	Resolution carried

For further information please contact:

SQN Asset Management Limited Neil Roberts/Jeremiah Silkowski/Dawn Kendall	tel: [phone]
finnCap Ltd. Corporate Finance: William Marle / Giles Rolls Sales: Mark Whitfeld	tel: [phone]
Kepler Partners LLP Hugh van Cutsem	tel: [phone]
Buchanan Communications Charles Ryland/Henry Wilson	tel: [phone]

http://www.sqncapital.com/managed-funds/sqn-secured-income-fund/about/ 

Notes to Editor

The Company aims to provide shareholders with attractive risk-adjusted returns, principally in the form of regular, sustainable dividends, through investment predominantly in a range of secured loans and other secured loan-based instruments originated through a variety of channels and diversified by way of asset class, geography and duration.

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 Asset Management Limited. The principals responsible for managing the portfolio are Dawn Kendall, Neil Roberts, and Jeremiah Silkowski.

 

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