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SQN Secured Income Fund PLC   -  SSIF   

Monthly Net Asset Value, Dividend and Fact Sheet

Released 07:00 27-Nov-2019

RNS Number : 7200U
SQN Secured Income Fund PLC
27 November 2019
 

27 November 2019                                              

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 October 2019, the unaudited estimated NAV per ordinary share (cum-income) was 93.22 pence.

 

The NAV total return in October 2019 was 0.67% (September 2019: -1.23%).

 

Dividend

The Company is pleased to announce the fourth monthly dividend for the year ending 30 June 2020:

Dividend amount:

0.583 pence per Ordinary Share

Ex-date:

05 December 2019

Record date:

06 December 2019

Payment date:

27 December 2019

 

The Company has elected to designate all of the dividends for the period ended 31 October 2019 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 October 2019. 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/7200U_1-2019-11-26.pdf

 

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

 

For further information please contact:

 

 

 

SQN Asset Management Limited

Neil Roberts/Jeremiah Silkowski/Dawn Kendall

 

tel: +44 1932 575 888

 

finnCap Ltd.

Corporate Finance:

William Marle / Giles Rolls

Sales:

Mark Whitfeld

 

tel: +44 20 7220 0500

 

 

 

 

 

Kepler Partners LLP

Hugh van Cutsem

 

tel: +44 20 3384 8790

Buchanan Communications

Charles Ryland/Henry Wilson

 

tel: +44 20 7466 5000

 

 

 

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 rns@lseg.com or visit www.rns.com.
 
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Monthly Net Asset Value, Dividend and Fact Sheet - RNS