21 September 2017

SQN Asset Finance Income Fund Limited

Monthly Net Asset Value and Dividend

Net Asset Value

SQN Asset Finance Income Fund Limited (the "Company"), the leading diversified equipment leasing fund listed in the UK, is pleased to provide its monthly net asset value ("NAV") update.

As at 31 August 2017, the unaudited estimated NAV per ordinary share (cum-income) was 99.25 pence. This includes the 0.6042 pence per ordinary share dividend announced on 21 August 2017 that went ex-dividend on 7 September 2017 and was paid on 19 September 2017. On a pro-forma basis, the unaudited estimated NAV per ordinary share, adjusted for the payment of this dividend to holders of ordinary shares, is 98.64 pence.

As at 31 August 2017, the unaudited estimated NAV per C share (cum-income) was 98.20 pence.  This includes the 0.1042 pence per C share dividend announced on 21 August 2017 that went ex-dividend on 7 September 2017 and was paid on 19 September 2017. On a pro-forma basis, the unaudited estimated NAV per C share, adjusted for the payment of this dividend to holders of C shares, is 98.10 pence.

Dividends

The Company is pleased to announce a dividend of 0.6042 pence per ordinary share for the month ended 31 August 2017, reflecting an annualised dividend of 7.25 pence per share. The dividend will be payable on 19 October 2017 to holders of ordinary shares on the register on 6 October 2017. The ex-dividend date is 5 October 2017.

The Company is also pleased to announce a dividend on the C Share of 0.15 pence per C share for the month ended 31 August 2017. The dividend will be payable on 19 October 2017 to holders of C shares on the register on 6 October 2017. The ex-dividend date is 5 October 2017.

Investment Updates

Ordinary Shares

The result of the Suniva trade case is expected on 22 September 2017, when a further announcement will be made.

C Shares

The Company has allocated £53 million of capital between drawn and committed investments. An additional £12 million of transactions have been approved, together with a pipeline of £70 million. The summer has been very slow in respect of new business caused by both political and Brexit uncertainty and holiday season.  There has been a pick-up in the last week but deployment of the C Share capital has been slower than originally forecast.  An update will be provided in the Annual Financial Statements which are due to be published shortly.

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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.