SQN Secured Income Fund PLC Monthly Net Asset Value, Dividend and Fact Sheet (1118F)

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RNS Number : 1118F

SQN Secured Income Fund PLC

25 October 2018

25 October 2018

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 September 2018, the unaudited estimated NAV per ordinary share (cum-income) was 97.40 pence.

The NAV total return in September 2018 was 0.52% (August 2018: 0.28%).

Dividend

The Company is pleased to announce the third monthly dividend for the year ending 30 June 2019:

 
 Dividend amount:   0.583 pence per Ordinary Share 
 Ex-date:           1 November 2018 
 Record date:       2 November 2018 
 Payment date:      23 November 2018 
 

The Company has elected to designate all of the dividends for the period ended 30 September 2018 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.

Fact Sheet

The Company announces that it has today published its monthly fact sheet to the end of September 2018. Please follow the link below to access the fact sheet, which is also available to download from the Company's website.

http://www.rns-pdf.londonstockexchange.com/rns/1118F_1-2018-10-24.pdf

(http://www.sqncapital.com/managed-funds/sqn-secured-income-fund/about/)

For further information please contact:

 
 
 SQN Asset Management Limited                   tel: [phone] 
  Neil Roberts/Jeremiah Silkowski/Dawn           888 
  Kendall 
 Cantor Fitzgerald Europe                       tel: [phone] 
  Robert Peel 
 Buchanan Communications                        tel: [phone] 
  Charles Ryland/Henry Wilson 
 http://www.sqncapital.com/managed-funds/sqn-secured-income-fund/about/ 
 

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 principals responsible for managing the portfolio are Jeremiah Silkowski, Dawn Kendall 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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October 25, 2018 02:00 ET (06:00 GMT)