Monthly Net Asset Value and Investment Update

RNS Number : 1862P

SQN Asset Finance Income Fund Ltd

14 August 2014

 



14 August 2014

SQN Asset Finance Income Fund Limited

Monthly Net Asset Value and Investment Update

SQN Asset Finance Income Fund Limited (the "Company"), the only diversified equipment leasing fund listed in the UK, is pleased to provide its first monthly Net Asset Value ('NAV') and investment update since being admitted to trading on the main market of the London Stock Exchange on 14 July 2014.

As at 31 July 2014, the Company's unaudited, estimated NAV per share was 98.02 pence per share.

As at 13 August 2014 the Board had approved £68.8 million of investments, of which £33.3 million are assets identified in the Company's prospectus published in June 2014 (the "Prospectus") and £36.5 million are new investments across the energy, agriculture, modular accommodation and IT sectors. A total of £13.8 million of these approved transactions have been funded with the balance expected to be funded over the coming months. 

The Company continues to undertake due diligence on both the remaining assets set out in the Prospectus and a pipeline of new opportunities which has grown significantly since admission. The Company remains on track to invest the net issue proceeds within six months of admission, in line with expectations at the time of the initial public offering. 

For further information please contact:

SQN Capital Management, LLC Jeremiah Silkowski Neil Roberts	01932 575 888
Winterflood Securities Limited	020 3100 0000
Joe Winkley Neil Langford
Buchanan Charles Ryland Sophie McNulty Jason Day	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 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 be Jeremiah Silkowski and Neil Roberts.

 

END

 

 

MSCZZLFFZVFFBBL