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Monthly Net Asset Value, Dividend and Fact Sheet

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By LSE RNS

RNS Number : 4935R
SQN Secured Income Fund PLC
22 September 2017
 

22 September 2017                                                                              

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 31 August 2017, the unaudited estimated NAV per ordinary share (cum-income) was 98.78 pence. 

 

The NAV total return in August 2017 was 0.31% (July 2017: 0.68%).

 

Dividend

The Company is pleased to announce the second monthly dividend for the year ending 30 June 2018:

Dividend amount:

0.525 pence per Ordinary Share

Ex-date:

5 October 2017

Record date:

6 October 2017

Payment date:

27 October 2017

 

The Company has elected to designate all of the dividends for the period ended 31 August 2017 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 August 2017. 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/4935R_-2017-9-21.pdf

 

(www.thesmeloanfund.com).

 

For further information please contact:


 

SQN Asset Management Limited

Neil Roberts/Jeremiah Silkowski/Dawn Kendall

 

tel: +44 1932 575 888

 


Cantor Fitzgerald Europe

Sue Inglis 

 

tel: +44 20 7894 8016

 

 


Buchanan Communications

Charles Ryland/Vicky Hayns/Henry Wilson

 

tel: +44 20 7466 5000


www.thesmeloanfund.com



 

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 company news service from the London Stock Exchange
 
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