SQN Asset Finance Income Fund Ltd Completion of Capital Return (4244P)

TIDMSQN

RNS Number : 4244P

SQN Asset Finance Income Fund Ltd

29 May 2018

29 May 2018

SQN Asset Finance Income Fund Limited

Completion of Capital Return

Further to the announcement on 1 May 2018 in relation to a proposed capital return of GBP40 million, SQN Asset Finance Income Fund Limited (the "Company"), the leading diversified equipment leasing fund listed in the UK, today announces 41,075,778 C Shares, approximately 22.82% of the C Shares in issue, were redeemed at a price of 98.32 pence per C Share on 25 May 2018 (the "Redemption"). Accordingly, 138,924,222 C Shares remain in issue. Fractions of shares have not been redeemed and so the number of C Shares redeemed from each holder of C Shares was rounded down to the nearest whole number of C Shares.

The remaining C Shares, which have not been redeemed, will trade under a new ISIN GG00BFXYHJ13 (the "New ISIN"), which will be enabled and available for transactions from 8.00 a.m. today, 29 May 2018. CREST will automatically transfer any open transactions to the New ISIN.

It is expected that payments of redemption monies will be effected either through CREST (in the case of C Shares held in uncertificated form) or by cheque (in the case of C Shares held in certificated form) by 11 June 2018.

Following the Redemption, the total number of voting rights of the C Shares is 138,924,222 and the total number of voting rights of the Ordinary Shares is 356,760,141, excluding shares held in treasury. The total number of Ordinary Shares held in treasury is 947,366; there are no C Shares held in treasury. As such, the aggregate voting rights figure of 495,684,363 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules

Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the circular published by the Company on 1 May 2018.

For further information please contact:

 
BNP Paribas 
 Sharon A Williams               01481 750 853 
Winterflood Securities Limited   020 3100 0000 
Neil Langford 
 Chris Mills 
Buchanan 
  Charles Ryland 
  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, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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May 29, 2018 02:01 ET (06:01 GMT)