SQN Asset Finance Income Fund Ltd C Share Investment Update (4944M)
October 14 2016 - 1:00AM
UK Regulatory
TIDMSQN
RNS Number : 4944M
SQN Asset Finance Income Fund Ltd
14 October 2016
14 October 2016
SQN Asset Finance Income Fund Limited
C Share Investment Update
The Board is pleased to announce that, on 13 October 2016, it
received notification from the Company's Investment Managers that
the majority of the net proceeds from the issue of C Shares in
November 2015 were invested. As such, the C Shares will convert
into Ordinary Shares in accordance with the terms set out in the
Company's prospectus dated 18 September 2015 (the
"Prospectus").
The Calculation Time will be set at 5.00 p.m. today and the NAVs
attributable to the Ordinary Shares and the C Shares as at the
Calculation Time, together with the Conversion Ratio, are expected
to be announced on or around 21 October 2016.
Terms used and not defined in this announcement have the
meanings given in the Prospectus unless the context otherwise
requires.
For further information please contact:
SQN Capital Management
Jeremiah Silkowski
Neil Roberts 01932 575 888
Winterflood Securities Limited 020 3100 0000
Neil Langford
Chris Mills
Buchanan
Charles Ryland
Victoria Hayns 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
The company news service from the London Stock Exchange
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