SQN Secured Income Fund PLC Monthly Net Asset Value, Dividend and Fact Sheet
RNS Number : 2184O
SQN Secured Income Fund PLC
28 May 2020
28 May 2020
SQN Secured Income Fund plc
Monthly Net Asset Value, Dividend and Fact Sheet
SQN Secured Income Fund plc (LSE: SSIF) (the "Company"), a
specialist secured lending income investment trust, listed in the
UK, is pleased to provide its monthly net asset value ("NAV") and
dividend update in addition to its monthly fact sheet.
Net Asset Value
The Company announces that, as at 30 April 2020, the unaudited
estimated NAV per ordinary share (cum-income) was 87.85 pence.
The NAV total return in April 2020 was -0.70%.
The Company is pleased to announce the tenth monthly dividend
for the year ending 30 June 2020:
Dividend amount: 0.583 pence per Ordinary Share
Ex-date: 04 June 2020
Record date: 05 June 2020
Payment date: 26 June 2020
The Company has elected to designate all of the dividends for
the period ended 30 April 2020 as interest distributions to its
shareholders. In doing so, the Company is taking advantage of UK
tax treatment by "streaming" income from interest-bearing
investments into dividends that will be taxed in the hands of
shareholders as interest income.
The Company announces that it has today published its monthly
fact sheet to the end of April 2020. Please follow the link below
to access the fact sheet, which is also available to download from
the Company's website.
For further information please contact:
SQN Asset Management Limited
Dawn Kendall, Investment Management tel: +44 1932 575
Nicola Bird, Relationship Management 888
Catherine Halford, Sales
finnCap Ltd. tel: +44 20 7220 0500
Corporate Finance: William Marle
/ Giles Rolls
Sales: Mark Whitfeld
Kepler Partners LLP tel: +44 20 3384 8790
Hugh van Cutsem
Buchanan Communications tel: +44 20 7466 5000
Charles Ryland / Henry Wilson
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 principal responsible for managing the
portfolio is Dawn Kendall.
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(END) Dow Jones Newswires
May 28, 2020 05:00 ET (09:00 GMT)