Portfolio Update

RNS Number : 7757B
SQN Asset Finance Income Fund Ltd
12 January 2018
 

12 January 2018

 

 

SQN Asset Finance Income Fund Limited

(the "Company" or "SQN")

 

Update on Suniva, Inc

 

 

 SQN, the leading diversified equipment leasing fund listed in the UK, is pleased to announce that progress continues to be made on the resolution for protection of the US solar cell manufacturing industry and specifically for the Company's investment in Suniva, Inc. As reported in the 21 December 2017 investment update, the resolution was originally due to be announced by the White House on 12 January 2018 but that date has been put back by 14 days while the United States Trade Representative's Office commissioned a special report to set the stage for the remedy announcement. The special report is intended to pre-empt any objections to the remedy that may be brought before the World Trade Organization (WTO). While there can be no assurances until the actual announcement, which cannot be delayed beyond 26 January 2018, the Company interprets the government's action in issuing the special report as a strong indication that it intends to take decisive action in implementing a remedy.

 

Ends

 

For further information please contact:

 

SQN Capital Management, LLC

Jeremiah Silkowski

Neil Roberts

 

01932 575 888

Winterflood Securities Limited

020 3100 0000

Neil Langford

Chris Mills

 

 

Buchanan

Charles Ryland

Vicky Hayns

Henry Wilson

 

 

 

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 Jeremiah Silkowski and Neil Roberts.

 

 


This information is provided by RNS
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